Swing tradeEXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying opportunity in M_M . Enter as per your setup and sit tight to achieve the maximum target .
Mahindraandmahindra
Fibonacci Magic for Mahindra!A Fibonacci Retracement of 50% has been seen at 230 levels which are acting for the support.
Mahindra and Mahindra Spotted a very subtle trade idea.
M&M was in a downtrend for a while.
The trend has reversed and made clear higher highs and higher lows.
The stock has also taken support of the 20-period exponential moving average.
This looks like a promising trade for a risk to reward of 1:2.
Mahindra and Mahindra - Triangle Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
FY21-22 Swing Trade Idea #150: Long on M&M This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Mahindra & Mahindra Breakout ?Mahindra & Mahindra For Swing Trade after Breakout
1.Breakout Should BE with Good volume
2.We can go long if Price sustain above 790 Levels at least for 20 minutes
TGT- 850 1st TGT
920 2nd TGT
SL- If price closes below 750
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. ... There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
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Mahindra: The XUV 700 effectMahindra and Mahindra has a descending triangle formation which often results in bearish outcomes. But there is huge excitement due to the XUV 700 reveal and it is promising to shake up the suv segment. So how to make money out of it. Let's see. Price has been making bottoms around the 743 mark and making lower highs following a trendline and trading at a discount from its previous high. It is taking good support on 50Ema and is trying to break this trendline for last few sessions. And there I see the opportunity. It will become bullish once it break out of the trend line and 797 resistance with volume. You can then expect it to hit, 853, 952 and 993 which would be your profit booking areas. 743 can be your stop-loss or if you want to set a hard one, make that 725. Also look at the monthly chart and you'd see a bull flag formation in the disguise of that descending triangle.
MEDIUM TERM TRADE - M&MA clean pole and Flag pattern in M_M.
M_M is consolidating inside an descending triangle which can be considered as a flag in higher time frame for a long time . now it has given a breakout from the pattern and we can try for an opportunity in here.
entry = 785
target = 950
sl = 750