📊 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...
NSE: 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...
M&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.
As 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.
NSE: 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...
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 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)
The 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.
The 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...
This 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
