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Mahindraandmahindra

Head and shoulder pattern break out in M&M.Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern. The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout. Sector and stock both has closed near the ATH. There is a much chance of carrying on with the break out and hitting 1.618 and 2.618 Fibonacci levels. Auto sector has also move more than 1.5% which also helps in carrying a bullish trade in this stock. In the second half of the trading session the stock has consolidated on the higher levels and closed just around it. 3 point confirmation. 1. Break out of Inverted H&S pattern. 2. Retested before giving a breakout. 3. Auto sector also forming ATH. Target:- 1628, 1700 Stop Loss :- Close below 1575 (hourly candle). Stock can be bought for the targets. Even swing and positional trades can be carried in the september series. Wait for the price action near the levels before entering the market.
NSE:M&MLong
by TheMamboMomentum
Buy Opportunity in M_MPlease refer the image for details: Please refer the Chart for SL and TARGETS. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:M&MLong
by rkinspiro1
Flag Pattern In the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole. The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern. Script= M&M Time Frame = 1 Day
NSE:M&MLong
by Jainshashwat
MAHINDRA AND MAHINDRA : HOLD SET UPMahindra and Mahindra Limited is an India-based company that is primarily engaged in the mobility products and farm solutions. The Company’s segments include Automotive and Farm Equipment. On weekly time frame , the Chart is making a Broadening Triangle Pattern . A Broadening Triangle Pattern can be characterized as a bullish reversal pattern. This pattern is created when the highs become progressively higher, and the lows become progressively lower. This creates a "broadening" effect on the chart. The occurrence of this pattern indicates that selling pressure is weakening, and buyers are starting to step in. A breakout above the resistance level signals a potential trend change. The pattern is said to get its name because the chart looks like a broadening formation. Sometimes this pattern is called a megaphone bottom or a reverse symmetrical triangle. . While this pattern looks bearish at first, it's actually a bullish sign. It indicates that the stock is gaining momentum and is likely to continue to move higher. This is a great opportunity to get in on the action and reap the rewards of a market reversal. Once you see that the stock price is rising above the support level as it is happening in our case, it is a good time to buy. The broader is the triangle , higher is the probability of break out, through the top of the pattern. CMP : 1185.50 PRIMARY TARGET : 1410.10 STOP LOSS : 1122.00 Risk Reward Ratio ( 63:225 ) = 1:3.6 RSI (14) = 46.30 (< 80 ) ADX (Directional Strength ) = 42.56 ( > 20 ) ATR : 23.93 ( Less Volatile ) 50EMA(Weekly Time Frame ) : 1179.00 ( Support ) Exit , once our primary Target is achieved .Then , we wait for the confirmation of breakout /breakdown. Re-Enter the trend after CONFIRMATION OF BREAK OUT/BREAK DOWN accordingly.
BSE:M_MLong
by chakraveer1104
M_M Stock Reaching Resistance - Time to Sell M_M Short Selling Recommendation Introduction: This report aims to provide a technical analysis of M_M stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements. Background: M_M is an Indian multinational conglomerate company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The M_M stock has been in a strong uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level . The stock has been trading in a range between 1314.10 and 1343.70, and a breakdown below 1314.10 could signal a short-term trend reversal. The technical indicators are also pointing to a potential sell-off. The Relative Strength Index ( RSI ) has been trending lower and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence ( MACD ) histogram has crossed below the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the stock has reached a strong resistance level and is showing signs of a potential reversal, with bearish cand formation Recommendation: Based on the analysis above, we recommend short selling M_M stock if it breaks 1314.10 levels, with a stop loss of 1343.70 and a target 1 of 1284.50 and target 2 of 1271.00. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions and always consult a financial advisor before taking any action. Conclusion: In conclusion, M_M stock appears to be reaching a resistance level , and technical indicators suggest a potential short-term trend reversal. Therefore, short selling M_M stock if it breaks 1314.10 levels with a stop loss of 1343.70 and a target 1 of 1284.50 and target 2 of 1271.00 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:M&MShort
by EntryandExit