I 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 -...
I have added all the necessary points in the chart , please refer and ask any doubts apart from that. Regards, -Abhishek
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,...
M&M LOOKING BEARISH BELOW 470 -M&M IS TRADING IN A RANGE OF 468-492 -THE STOCK IS TESTING ITS LOWER BOUND -IF GOES BELOW 469 AND CLOSES BELOW THAT ON A 30-MIN CHART -WILL BUY IF CROSSES ABOVE 492
Mahindra CIE - Vixfix reducing and OBV steadily inceasing. Go Long as positional trade at CMP with target of 140
has the momentum to carry towards 151.8 and breaking resistance 163.25 can reach 171.4
M& M is in up move.. but until it moves above 417 it will not go up. according to indicators shown it will reverse from 417 levels and then down to 375 and if it breaks 375 it will come down to 335.. buy near 335 levels..
Bearish engulfing near high of the last swing could give good intraday movement. Avoid gap up/down. *M_M is overall bullish, won't hesitate to buy if high breaks.
red marked level are important fo intraday wwhile in blue are positional imortant lvels
1. On 6/5/20 , Broke the Descending Triangle Pattern on Mahindra and Mahindra. 2. Price may fall from 403 , as it is a 78% Retracement level. 3. Buy Above 390 Target: 398 , 402 Stop Loss :383 4. If Price broke 403 level. One can go Buy above 410 Target: 417, 421 , 427 Stop Loss: 403 IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE STUDY LIKE THIS...
GO LONG IN MAHINDRA & MAHINDRA AS TRENDLINE IS BREAK RECENTLY HINTING POSSIBLE MOVE UPSIDE TILL CLOSING ABOVE 330 LEVELS.
As published earlier with little bit information about TECHM, i am feeling very bearish on this stock of upto levels of 465, and beyond that is a bonus one can dream of. A complete beautiful inverse bear pennant. it will follow the yellow line towards the last white line. if not will consolidate but not break the red line (Unless with volume) which is unlikely...
i have selected tech mahindra by current market situation and it start accumulating, if it hits the price 590. we can expect the rally. i have used patterns like price action, channel and indicators RSI, MACD, bolinger bands.
MOMENTUM TRADE IN M_M FIN VIEW :-CROSSING ITS MAJOR HURDLE OF 361 :-AFTER A VERY LONG TIME NEEDS A CLOSE ABOVE IT :-LOOKS A TEST OF 200-DMA IS ON THE WAY :-SWING TRADE IS POSSIBLE WITH A GOOD RISK-TO-REWARD TRADE IN 28TH NOV FUTURE CONTRACT BUY @364 STOP @358 TARGET @376-78 LOT:1250 QTY:2
BTST TRADE IN M&M VIEW :-TESTING ITS 100-EMA :-SUPPORT LEVELS ARE NEAR :-TRENDLINE SUPPORT TRADE IN 28TH NOV FUTURE CONTRACT BUY@588 STOP@582 TARGET@600 LOT:1000 QTY:3
MOMENTUM TRADE IN M&M VIEW :-MOTOR COMPANIES ARE SEEING BUILT-UP :-RISE IN OI+RISE IN PRICE+RISE IN DELIVERY VOLUMES :-LOOKS LIKE ITS ON THE VERGE OF TESTING ITS 200-DMA AROUND 625 :-IT HAS BROKEN THE CRUCIAL RESISTANCE OF 603 :-PRICE AND VOLUME BREAKOUT CANNOT BE RULED OUT TRADE IN FUTURES 28TH NOV CONTRACT LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE...