A good channel can be seen.
Right now the price is near the bottom of the channel(484.20).
Investors can start buying if the market opens with a small difference(up to 479.05) or at the same price.
Target expected here is next resistance 495 after this psychological resistance of 500 and then 515.85
Simply you can follow the channel until it goes...
M&M has given a breakout from its triangle pattern and was 4.40% up after today's session.
If there is a retracement back to the 415/420 level it could be a good oppurtunity to enter the trade.
After the breakout the stock has potential to reach 449 level soon.
- KEEP TARGET AND SL AS PER YOUR RR
-THIS IS NOT A RECOMMENDATION AND TRADE AS PER YOUR OWN RISK.OTC:MAHMF
Long your investment in small- small parts:
Firstly you can buy a few numbers of shares now as price action shows positive movement.
second, it will show correction buy some more which will average down your overall buying price.
And once the share price crosses 486 and 517 (which means 517 is the strong resistance) invest according to your capacity.
Clearly, We have seen the bullish trend appearing in M_M share. From the current level we can take long entry for next level of resistance which is 445 to 450 . Once the price close above 450 the next level is 500. So for tomorrow add the stock in your watchlist . Please keep SL & target as per your reward to risk ratio. In case any doubt feel free to ask.
Bearish Gartley formed in Mahindra & Mahindra (M_M). Bearish signal bar also formed after the harmonic pattern is activated.
Target - 390/375/362
SL - 435
Reward:Risk = 2:1
** Study only for educational purposes **
Formed ascending Triangle, watch for breakouts
morning wait for levels.
if sustain above 436 buy and Target 442.
If sustain below 422 sell and Target 415.
If goes up above 442 trail your stoploss, hold position it may go high
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..
M&M is looking good for intraday short sell. One can see the bearish engulf in 15 mins candle that gives the confirmation to go for a short sell. please, follow us on our telegram channel UG MARKET. Do your own research before taking a trade. Sell below - 402.8 Target - 397, 393