Mahindra and Mahindra above 650 - Target is 690.
Anticipatory trade, so position size and risk per trade should be less. Please do your own research before trading or investing.
Stock was continuously in uptrend & now in conolidation phase with very less movements.. Significant decline in volumes observed. Even though Price is in upmove, RSI is in downtrend .. Thus there is a divergence between Price and RSI indicating weakness in the scrip. A correction is expected till bottom of the rectnagle zone till 585 levels. If it breaks the...
follow the targets and SL to win the game! happy trading :)
You can use these simple trend lines use them as supports and buy on supports.
M&M finance is trading at a critical level of 132, which is a confluence of 20 and 50 EMA. Also, it is trading at the lower end of rising channel, from which a bounce can be expected. Keep a strict stop loss between 125-127 for first target of 142, translating into a potential upside of 6% Also, while the earlier breakout was with high volumes, the fall was made...
Price moved up but RSI showed bearish divergence. Currently, Price is taking support at Upper trend line on daily duration . Price rejected from Long Term resistance . Looks like distribution zone - sideways movement will continue for a while . Current Price is at confluence of 50 EMA , Support & upper Trend line.
Short Below 598 Target 1: 586 Target 2: 573 Target 3: 560
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Follow the trend, keep targets and stop loss near support and resistance drawn.
Target Range: 603-618 We may see a retracement near 603-618 Range as it is a PRZ area. Trade with Proper Risk Management. Victory is beyond fear!! Disclaimer: I am not a SEBI Registered Analyst. Please take position after consulting your advisor.
M&M has broken long term trend line with solid bullish candle and volume . If his sustains above 500 in Monday's session, then it should move toward 550/570 targets in coming days/week. Market are very volatile these days, either hedge your position or take intraday trades We follow simple price action process to trade short with high probability. Price action is...
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?
560 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
a. 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
Note: 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.