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...
Buy at Market or Buy Stop Order
Target:- 1007
Stop Loss:- 780
Duration:- 9 to 12 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also a descending triangle pattern. So we can buy this at market order. Use proper stop loss...
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...
Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout.
Stock price has formed a pennant pattern, with support at 734.
The fundamentals of the stock are below average and do not point in one direction.
Breakouts prior to the results of FY21Q2 can be considered positives for bulls.
A sustained price above...
Buy above 940(after breakout) and/or accumulate in dips
Targets mentioned in charts
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
M&M stock formed a 5 wave advance but as prices go past the high of 895. Then we get an extension. A situation where 5 waves can convert into 9 waves and that means adding 4 more waves to the rally. This means recalibrating the wave count and coming up with Fibonacci extensions to project the size of the extended wave on the upside. That is where M&M is this...
Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors.
Now following questions comes up -
What if I am...
stock given breakout at both daily and weekly time frame.
its trend line break out.
support mark on the chart if it close below that level on daily closing basis exit.
Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900.
Stocks to watch out for if we see a bull run in auto stocks :
1) M&M
2) Escorts
3) Bosch
4) Ashok Leyland
I am particularly bullish on M&M.
Disclaimer : Bought M&M at 794
M_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.
![M_M: Simple Trade Setup | M&M | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/l/lWSt6ZPb_mid.png "Simple Trade Setup | M&M | 26-10-2021 [ INTRADAY]")
![M_M: Simple Trade Setup | M&M | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/z/zQCenwdD_mid.png "Simple Trade Setup | M&M | 22-10-2021 [INTRADAY]")
