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Mahindraandmahindra

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
CNXAUTO NIFTYAUTO Bullish I am extremely bullish on CNXAuto/NIFTYAUTO! It is forming a flag pattern Making higher highs with correcting RSI Current consolidation might last few more months Target 16000 Currently correcting on 4M timeframe Top constituents by weightage Mahindra & Mahindra Ltd. 20.36 Maruti Suzuki India Ltd. 19.97 Tata Motors Ltd. 11.67 Eicher Motors Ltd. 8.47 Bajaj Auto Ltd. 7.42 Hero MotoCorp Ltd. 5.48 Tube Investments of India Ltd. 4.51 TVS Motor Company Ltd. 4.21 Ashok Leyland Ltd. 3.48 Bharat Forge Ltd. 3.37 Above stocks will do very well as they have a higher presence in the index Also check out Gabriel India
NSE:CNXAUTOLong
by Cryptified_Soul
M&M on a HnS Pattern, Confirmation of reversal !!!On 14th I had shared an idea that up side move on M&M is about to complete and we may see some downside move in this scrip. The scrip tried to move up but failed to hold at higher level and now its formed an HnS and can be entered on breakdown. #Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
NSE:M&MShort
by TheStocktrader_Skn
Mahindra & Mahindra_long way to go !! THREAD ON MAHINDRA & MAHINDRA We are on the Weekly TF of Mahindra & Mahindra-- We have done the counting since the origin as per Elliott Wave rules. Wave(1)of 1 completed@ 417/- Wave(2)of 1 got completed in form of simple correction@312/- wave (3) of 1 got completed in the form of normal wave 3 & got completed@ 717/- Wave(4) of 1 got completed as a complex correction and got terminated @ 561/- approx. now after the completion of entire cycle @ 994/- entire structure got retraced in form of WAVE 2 (corona low) @212. Marking for cycle wave -1 & 2 got done in shared chart. I have also shared the projections for wave (3) in Red & projections for wave 5 in Blue (Fib calculations) Now, Its time for wave 3 to unfold (enormous wealth creator): Numbering is shared in another screen shot below : As per the calculation wave 1(3) has been completed 949 & wave 1(3) got completed @677. Now we are in wave 3(3)...unfolding ..... complete chart
NSE:M&MLong
by ShubhamKatiyar
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