Mahindra
MAHINDRA & MAHINDRA FINANCE WAIT AND WATCHPreviously, we have noticed 2 minor breakdowns in this stock and bearish momentum is now at its high so the possibility is too high to go down at these price levels.
Currently, the price is retesting at 182 level if it goes down in the next 2 days form 172 level then,
- Our entry will be at 170 level after the formation of 2 red candles
- Our only target in the short side will be the 158 level .
- from 182-172 levels will be our no trading zones.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
M&M-Mahindra & Mahindra Triangle PatternM&M-Mahindra & Mahindra Triangle Pattern
May see the level of Resistance around 624-648
On the downside, support is around 588-575.
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Updated on : 05-NOV-2020 1.30pm
Disclaimer: Only for learning purposes.
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MAHINDRA & MAHINDRA ON DAILY TIMEFRAMENSE:M_M
WE CAN SEE AN DESCENDING TRIANGLE PATTERN ON DAILY TIMEFRAME.
IT SUGGEST THAT THE STOCK MIGHT MOVE DOWNWARDS.
SO THERE CAN BE AN SHORTING OPPORTUNITY SOON.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
Tech Mahindra is going to go for a fre-fallPlease follow these rules before taking a trade :
1. The breakout candle didn't have any volume (Checked).
2. It is at a major resistance (Checked).
3. The up-trend has to be broken and retested (Checked).
4. Take the trade only after the above these.
Do let me know if any doubt is there.
M&M finance - at confluence of 20 and 50 EMA. Long !M&M finance is trading at a critical level of 132, which is a confluence of 20 and 50 EMA. Also, it is trading at the lower end of rising channel, from which a bounce can be expected. Keep a strict stop loss between 125-127 for first target of 142, translating into a potential upside of 6%
Also, while the earlier breakout was with high volumes, the fall was made with lower volumes! High probability of upside from current levels
M&M, CONFLUENCE OF TREND LINES. CAN IT BE NEXT BIG THING?M&M has broken long term trend line with solid bullish candle and volume . If his sustains above 500 in Monday's session, then it should move toward 550/570 targets in coming days/week.
Market are very volatile these days, either hedge your position or take intraday trades
We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required to master this skill is knowledge of some simple rules and willingness to practice.
Request your support as always by your like/comment.
Thanks
Long Mahindra irrigation @135.6 SL@ 120I took a pilot position at 135.6 and I will be looking to add at minor corrections.
Technical: stock quickly recovered from recent COVID-19 crash lows. It has surged around 100% from its low and held its gains. price wise, it looks strong
Fundamental:
This stock shows decent sales and profit growth.
5 years of sales growth - 8.28%
5 years of profit growth - 7.87%
Margins at a record high of 13%, Overall Debt has increased however its only 0.08%
TTM earnings up 110%
The Chart pattern on M&M:Channels are used broadly by technical traders to identify and follow the trends of securities over time.
channel is one such charting pattern that technical analysts will use to evaluate the trend of a security.
In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities.
Head and Shoulder:
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
Don't take any action till conformation.