Mahindra cie low risk share good momentum as well as good futureAS seen in Chart, ask in comment if u need to tell me something, this is just the idea provided.
Mahindraandmahindra
Mahindra & Mahindra : head and shoulder weekly potential shorti would like short Mahindra and Mahindra for the breach of a possible head and shoulder pattern working out.
all timeframes are in sideways right however for swing trades it may make sense to see if momentum dips further below 40
to be sure.Auto sector also in general is not doing that great either in short term.
Mahindra & Mahindra - Potential Bullish ScenarioKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Bullish above 785
4. Support zone: 736-753
5. Target: 816, 865, 911, 952
6. Stop loss: 730
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
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