Long Opportunity M_M Long Opportunity if the price revert from the current key level.
Target and stop-loss are mentioned in the chart itself.
What's your view guys?
Mahindraandmahindra
M&M , Intraday setup for Monday560 is a strong level for M&M
If market opened above 565 ,there is a high chance for a fake breakout
if opened below 555, buy with a target of 1% or nearest resistance
M&M Daily Analysis_07/07/20a. Zone: Strong Bull
b. Resistance 1: 590.35
c. Resistance 2: 593.50
d. Support 1: 524.35
e. Support 2: 492.95
NSE:M_M
Mahindra & Mahindra - Expecting long breakoutNote: This is for educational purpose only.
M&M might give a bullish breakout from the channel due to high volume pouring in. However, unless the channel is broken, we cannot say for sure if the breakout has happened. I waiting to see some consolidation near the resistance.
TATA MOTORS is going to be a Positive stock (Monday)I have added all the necessary points in the chart , please refer and ask any doubts apart from that.
Regards,
-Abhishek
MAHINDRA & MAHINDRA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Mahindra & Mahindra Short Term BearishM&M Looks to have reached the end of a good run upto its Weekly supply zone
The stock is already retreating from its Weekly Supply Zone\
Expecting the Stock to move back to retest its earlier levels
before starting the next leg of its UpMove
The Chart pattern on M&M:Channels are used broadly by technical traders to identify and follow the trends of securities over time.
channel is one such charting pattern that technical analysts will use to evaluate the trend of a security.
In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities.
Head and Shoulder:
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
Don't take any action till conformation.
Mahindra & Mahindra - Bearish RSI DivergenceNote: This is for educational purpose only.
There seems to be a disagreement between the price and RSI (momentum). I am expecting some correction in price in M&M.
M&M short activeM&M is reject the upper side resistance and come to down uper side resistance is 520.60 and sell below today low 492.50 then stop loss is 498 and #target is 484-478-460. Only #upperside hope is only above 520.60 if cross the buy and stop loss is 513 then target is 530-536-550+.
M_M , on the way to breakout , but not !!!!!Be patient while trade its still not a breakout , wait and hold , let it sustain and then jump ,
TIP = DO NOT GO FOR COMPLEX CHARTS JUST !!! have a simple approach
For live updates you can follow and go through my twitter .
Will update the post breakout levels.
M&M - Breakout done with high volumeNote: This is for educational purpose only.
There is a long breakout done in M&M with high volume which shows the strength of the bullish breakout. Expecting a bullish candle completely (open & close) above the resistance will confirm the breakout.
M&M (STOCK ON RADAR)M&M LOOKING BEARISH BELOW 470
-M&M IS TRADING IN A RANGE OF 468-492
-THE STOCK IS TESTING ITS LOWER BOUND
-IF GOES BELOW 469 AND CLOSES BELOW THAT ON A 30-MIN CHART
-WILL BUY IF CROSSES ABOVE 492
Missed BD in M&M, however captured 5 pointsI have selected M&M yesterday for Today session(8th June 20) since it was forming a nice pattern in 15min TF.
I missed the BD, however i have entered once price crossed the pink line(previous day low) and got 5 points. Target was the green line(day before yesterday low).
Entry - 474.9
Exit - 469.5
Please like & comment, if you learn something from this post.
MAHINDRA&MAHINDRA at Resistance (Possible Swing Opportunity)After a good 8 day rally, M&M is trading at it's resistance after 5th March.
It is currently in the resistance zone and at the top a Bearshing Englufing can be observed.
Given it's 2nd or 3rd Attempt and a Positive sentiment in the market there is a probability of it breaking the resistance. If broken and confirmed a good ~16% upside movement can be expected in the near future.
- If it breaks the resistancean entry at ~489 can be taken (risky trade).
- For someone who doesn't want to take the risk has to wait and confirm (Which may come with a low reward if it makes an rally and doesn't make a pull back to take support.
I'm a beginner and have just started learning,Please help with any suggestions or missed/incorrect analysis.
Long or intraday can be done for m_m.A good channel can be seen.
Plan 1.
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
Plan 2.
Simply you can follow the channel until it goes out of the channel (buy on dips).
Tip:- Plan 2 seems simple.
Good time to long step-by-step.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.
Short M&M Shorting @ 442.30 w/ SL @ 450 (if it closes above)
Targets in the chart.
Short June Futures @ 439.3 no hedge.
GLHF!
