Get started

Mahindraandmahindra

EXPECTING AN UPRISE IN M_M As per the 2 Hour Chart of MAHINDRA & MAHINDRA, we have witnessed the Formations of “Hammer” as well as “Bullish Harami” on the chart. Therefore, we are expecting a bullish momentum in M_M in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 838.20, 842.95, and 850. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 827, on closing basis. Closing Price (as on 04.01.22) : 832.45 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:M&MLong
by alokdaiya
M_M Long I hope you can now see how M_M represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:M&MLong
by EntryandExit
MAHINDRA & MAHINDRA - LONGWhat is the Cypher pattern? The cypher pattern is an advanced harmonic pattern that, when traded correctly, can have a truly outstanding strike-rate as well as a pretty good average reward-to-risk ratio. The cypher is a five-point pattern, composed of points XABCD. It is easy to spot on a chart due to its characteristic wave-like look, displaying either rising peaks or falling valleys. Traders can trade it like other harmonic patterns, by waiting for a reversal at the end and then using pending orders to profit from any potential breakout. This pattern looks like the butterfly in both its construction and where it will occur (close to the end of trends). However, the cypher pattern is rare and not one that shows up frequently. But don’t confuse rarity with being more powerful or profitable. How to identify the Cypher pattern? The pattern must verify a few conditions to confirm: B has to retrace to an expansive range between 38.2 and 61.8 percent of XA, at least 38.2 percent, but not exceeding 61.8 percent. C is an extension leg and goes beyond A – but must move to at least 127.2 percent, but it is normal for it to go as far as the 113 to 141.4 percent. It is considered invalid if it moves beyond the 141.4 percent. CD leg should break the 78.6 percent level of XC. The PRZ (potential reversal zone) of D is a wide range where the price has to get to. Price can move anywhere between 38.2 to 61.8 percent. Cypher has less rules to follow compared to other harmonic patterns. Although its successful rate has nothing special compared to Gartley or Bat, the frequency of showing up and the ease of rules make this pattern become the favorite for all beginner traders. This pattern works best when the market is calm. In a strong trending market, especially after the news, the cypher pattern becomes less reliable. The bigger the pattern (the longer it takes to form the pattern), the stronger the support/resistance it gives. Market Psychology The cypher is a technical wave pattern in which the market is trending but it makes sharp reversals during the day. The important point of the bullish cypher is that both the lows and the highs are trending upwards. For the bearish pattern, the opposite happens. If the cypher completes successfully with a reversal taking place at point D, it may eventually become a trend channel where the price moves between the highs and lows. Cyphers can also appear inside price channels that are already formed. How to trade when you see the Cypher pattern? While trading the cypher pattern, you will apply a set of simple rules. They will try to minimize risk and maximize profits. Even though there is one more important step to learn before defining the cypher pattern trading strategy rules. Step 1: Drawing Cypher patterns Click on the harmonic pattern indicator located on the right-hand side toolbar of the TradingView platform. Identify the starting point, X, on the chart, which can be any swing low or high point. Once you’ve located your first swing high/low point, follow the market swing wave movements. Every swing leg has to be validated and abide by the cypher pattern forex Fibonacci ratios. Step 2: Trading process Now that you know how to identify and qualify the harmonic cypher pattern, it’s time to trade the pattern. Standard methods of trading the cypher pattern include: Entry point The cypher pattern may be the most exciting harmonic pattern for risk management, because it has the highest winning rate. Backtesting results have continuously proven the cypher pattern forex is a very dependable harmonic pattern. Next, buy with a market order at the first candle preceding the completion of the D point at 0.786 Fibonacci retracement of the XC leg. Once the market touches the 0.786 level, wave D is in place, because you can’t control how far the market will go. When the CD leg gets to the 78.6 percent retracement level, the cypher pattern is complete and valid. However, the 78.6 percent Fibonacci retracement level of X to C also acts as the standard entry point for a valid cypher pattern trade. Take profit There are some ways to take profit with this pattern, but the standard method is to scale out of your position at the first take profit level and end the trade at the second take profit level. Take profit once you get to point A. To get to such levels, draw a Fibonacci retracement of the CD leg. The cypher patterns trading method is a reversal method. Make sure you capture as much as possible from the new trend. If you’re not a fan of reversal strategy, and you prefer a trend following strategy, follow the MACD trend following strategy-simple to learn another strategy. The strategy has attracted a lot of interest from the Forex trading community. Ensure you take profits once you reach point A of the pattern, because it has conservative take profit target. So, why should you take profit so early? For the most part of the harmonic patterns, it’s best to lock in profits as soon as possible. Since the cypher pattern is one of the most profitable harmonic patterns, you can give it more room for the price action to breath. You have the chance to at least see a retest of the wave A. Stop-loss Ensure you give your trade at least 10 pips space above X in the intraday charts. While trading a bullish cypher pattern, place the stop-loss at least 10 pips lower than the low of X. For a bearish pattern, place the stop-loss at least 10 pips higher than the high of X. That’s the only logical place to hide your stop-loss, because any break below will automatically invalidate the trade.
NSE:M&MLong
by GauravLB
M_M - Potential Cup & Handle formation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:M&MLong
by TradewithAditya
Simple Trade Setup | M&M | 26-10-2021 [ INTRADAY]NSE:M_M All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:M&M
by Trading_hawk
3