M_M Fin Service - SidewaysStock has corrected approx 10-15 % from its Highs
Currently it may remain sideways before starting a trend again
Strong areas to be remain as 300 on upper side and 280 on lower side
Trade accordingly
M_MFIN
M_MFIN - Cup and Handle -breakout -Retest -DailyThe chart of M&M Financial Services Ltd (M&MFIN) indicates a classic cup and handle pattern forming, which is a bullish continuation signal typically pointing to a potential breakout.
Key Observations:
Cup and Handle Formation:
The chart shows a rounded "cup" shape between mid-2023 and mid-2024, followed by a smaller consolidation resembling the "handle."
This pattern suggests a period of accumulation, where selling pressure decreases, and a bullish breakout could follow.
Resistance and Breakout Level:
The breakout point from the cup's rim is around ₹314, as highlighted.
The stock appears to have broken out of this resistance level, now trading above ₹340.
Measured Move Target:
Based on the pattern's depth, the chart marks a target price around ₹391.15, representing a potential 24.68% gain from the breakout level.
The target is calculated by projecting the depth of the cup upward from the breakout point.
Volume Activity:
The volume profile indicates a healthy increase as the stock moves up, supporting the breakout. Volume typically spikes during breakouts from such patterns, confirming the validity of the move.
In summary, if M&M Financial Services sustains its move above ₹314 with increasing volume, the next target of ₹391 becomes achievable. However, watch for potential pullbacks or false breakouts, which are common with this pattern.
M_MFIN | Positional Trade📊 DETAILS
Sector: Finance - NBFC
Mkt Cap: 36,929 cr
Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing.
TTM PE : 18.98 (Average PE)
Sector PE : 31.26
Beta : 1.30
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
Outperformer - Mahindra & Mahindra Financial Services up by 5.31% v/s NIFTY 50 up by 1.01% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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M&M Finance - Bullish Consolidation with VolumesNSE: M_MFIN is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Positional_ M&M Finance_ LongM&M finance is nearing it's daily support.
I am planning to go long in near future. The risk-reward looks very good (1:3).
Entry price, SL and Target will be posted afterwards. The stock should be added in our watchlist.
Disclaimer: You're sole responsible for your actions taken in the markets. I've shared my analysis for informational and educational purposes only.
M_MFINANCE LONG VIEWAs we can see the channel pattern breakout and retest done, so we can see the buy opportunity
ENTRY = 256
TARGET = 260, 268, 277
STOP LOSS = 253.50
DISCLAIMER: VIEW IS ONLY FOR EDUCATIONAL PURPOSE, NOT A RECOMMENDATION FOR TRADING.
Mahindra & Mahindra Finance - Bullish Consolidation with VolumesNSE: M_MFIN is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
M_MFIN - if breaks above 310 BULLISHM_MFIN - if breaks above its resistance of 310 and sustains then a Big Bull move will be expected for the short term.
M_M FINANACE Triangle Pattern breakout (Long)There has been a triangle pattern breakout in M_M Finance
On Breakout Volume is higher than Average volume prevailing during the triangle formation.
Tgt and SL are marked on the chart for Short term trade
Tgt = 294 SL= 281
Immediate Resistance line is marked as horizontal white line
M&M 24th may Failing three methodsM&M forming failing three methods most probability of forming a red candle is high.
Entry 1265 SL 1272 Targets 1259,1260,1244,1236 Risk to reward 1:3 to 1:5 if you trail your Stop loss to target(s)
MAHINDRA & MAHINDRA FINANCIAL SERVICES - Multiple Indicators📊 Script: M_MFIN (MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY 500 /NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services - Financial Services
📊 Industry: Finance - Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 229
🟢 Target 🎯🏆 - 259
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Mahindra share @harishwaveanalystMahindra share elliot wave analysis for daily time full explain daily chart
current time price go down Wave c internal wave 1,2,3,4 or 5
M&M Finance ready for a weekly breakoutThe setup looks amazing. Let's wait for some price action above the breakout level.
It's not a recommendation to buy or sell. This chart is for educational purposes only. Please contact your financial advisor before making buy or sell decisions.
Bearish Chart Pattern.Head Shoulder pattern formed.\
Stay cautious if you are long.
Global sentiment also negative.
M&M Finance SHORT , Descending TriangleThe Short Setup is Very Clear here + on Friday there was a News Item: "RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap" which is serving as the Catalyst for the Selling Pressure in this Stock. M&M Finance involved in Unethical Practices and hence the Stock Price is being Hammered.
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
M_MFIN 18 months old resistance BO !!NSE:M_MFIN
#NSE:M_MFIN 1.5 year old resistance BO.....
Marked supply zone for learning.
#M_MFINThis line created a retest entry of previous breakout
Post this the stock moved swiftly towards 244
Caution once is moves below 206 as is shunted and can fall swiftly
Mahindra & Mahindra Fin. Services LtdSymmetrical Triangle on Weekly Time Frame ,Broke out already, Volume Squeezed, watch for entry , Keep Your Stop loss.
M_MFIN #Watchlist
#M_MFIN (W):-CMP 202 Looks Good Above 215/220 For More Upsides :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
#StockToWatch
Promise in Mahindra and Mahindra FinanceChart -> Mahindra and Mahindra Finance Weekly
As we can see in the chart, whenever stock tried for an up move, it got rejected 6 times from the same resistance line in the last 4 years.
Now it has given a close above that trendline with a bullish marubozu candle, indicating completion of the bearishness.
One can accumulate in the medium to long term.
CMP: 197
A good range to add: 180 to 195
Targets: 220, 245, 268, 290
SL: 165 on weekly closing
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
