on hourly chart the stock looks EXTREMELY
bearish ,
after a great uptick ,
on daily charts moving side ways
and today closed belowan important mark of 970
can sell below 965 and can sell more below 950 for 935
917 targets
NSE:M_M printed Bearish Pinbar Around 742 ...which is now acting as a turning point ...my bias is negative (as i can see 2 bearsih pinbars back to back)... i will go short around 742-745 with stop loss of 752-755 for first target of 720...
M&M is moving in a parallel channel and now it's available at the lower band with bounce from 100 MA.
Invest for mid term with targets of upper band with stop loss of close below 100 MA.
If you're a long term investor, keep accumulating at the lower band/100 MA levels
Target according to next resistance matches with the fibonacci's next target.
Triangle breakout on daily chart and rectangle range breakout on weekly chart with great volume.
Keep stop loss at new support as shown in chart.
M&M Mahindra & Mahindra approaching a crucial inflection point as per the weekly candles and RSI.
Trade carefully. Maintain strict stoploss and Results week, series end and NIFTY entered bubble zone
If results are positive, go long on futures! Otherwise, add in cash during the dips
Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
