M_mview
M_M Bullish Rectangle Pattern !!NSE:M_M
#NSE:M_M formed Bullish rectangle, Safe players may check post breakout zone,
and experienced/risky players may check support zones for entry points.
All the levels marked for practice only.
Complete April month performance shared for our friends, check out my signature for details.
Happy LEarning !!
M&MM&M, This stock has taken support from lower Bollinger band and 40DEMA in daily time frame.
This stock has given breakout from resistance trendline in daily time frame along with good intensity of volume, also same candle closed above 20DMA.
Wave structure is also suggesting and supporting same view to go long.
Indicators supporting are mentioned below in snap shots.
Overall, one can go long with mentioned stop loss in the chart.
Weekly MACD is positive, uptick and above zero line
Daily MACD is now uptick above zero line and converging towards positive
rsi in weekly is uptick above 60 levels
rsi in daily is uptick above 60 levels
dmi adx is positive ungali setup in weekly
dmi adx is converging towards positive ungali setup in daily
Breakout with good intensity of volume in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
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.
Simple Trade Setup | M&M | 22-10-2021 [INTRADAY]NSE:M_M
I am posting this as one of the follower from twitter requested for it.
Observations:
1) On 1 day time frame, it closed just below 10DMA.
Please refer below chart : 1day Time Frame.
2) On 15min time frame we can see RSI made higher lows, while price was making flat lows. We can see a quick upmove in which we can take a quick/intraday long trade.
If opens gap up then avoid.
Please refer below chart : 15min Time Frame.
3) Further on 15min time frame we can see that it has critical supprot range of 890 to 895 level.
Also it has been taking resistance from the resistance trendline.
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Trade Setup for Date 22-10-2021:
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.
M_M Ready To BlastM_M has been trading in a narrow range since last few months. Now it is ready to break the trendline.
Buy-Above 785
Sl-725
Target-855 930 980
Same kind of setup has been formed in Indusind Bank. I have given the trade of Indusind Bank just before the trendline Breakout. Trade is based on the same setup.
Swing tradeEXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying opportunity in M_M . Enter as per your setup and sit tight to achieve the maximum target .
M&M - 4 weeks 180 points move.Price was at important support/resistance levels and once it breaks, it comes back to retest the breakout levels and moved up 180 points in 4 weeks time. One can expect the price to reach the ATH as soon as possible.
Other little information are in the chart which are mostly self explanatory, ask technical doubts.
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M_MFIN ShortI hope you can now see how M_MFIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.