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)
M_mtradesetup
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
Mahindra & Mahindra Fin. Services LtdSymmetrical Triangle on Weekly Time Frame ,Broke out already, Volume Squeezed, watch for entry , Keep Your Stop loss.
MAHINDRA & MAHINDRA | RR LOOKS GOOD ON SELL SIDESell if M_M sustains below 1160 for the lower marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | M&M | 26-10-2021 [ INTRADAY]NSE:M_M
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
