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Mahindraandmahindra

M_M ready to bounce back from its demand zone currently M_M is consolidating at important zone which you can see also act as a good support in 2015-16 time( you can zoom out the chart ) and it has bounced of many times from the same area in last year . stock is also nearby 200 Ema , A good closing above this will also lead the stock to new highs . and it has also broken that trendline and retested two times so you can expect a good upside move . enter the rally before before it starts going up . A good risk reward trade can be initiated here with just a 4% risk and a good 12% & 26% reward as target 1 and target 2 . risk taker can intiate the trade here and those who are safe trader can wait for break for this consolidation with a good green candle with volume but that will affect your risk reward ratio . SL to be maintained as a day closing basis . if we closes below this zone on daily timeframe you can close you long trade . Hope you find this analysis helpful . Happy Trading .
NSE:M_MLong
by Deepak_yadav02
Tata Motors - What's Next Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors. Now following questions comes up - What if I am holding? - Hold patiently, if interest to add more you can wait for a pullback cum retest to near about 360 levels. What if i missed the breakout of 360 level, should i go for it at this price? - I won't prefer to buy it here because from here risk reward ratio will be too low. Rather as said earlier, would go for it after seeing the price action near 360 levels.
NSE:TATAMOTORSLong
by KishanMittal
Descending Triangle Pattern in M_M breakout can give 955+ TargetIn Mahindra & MAHINDRA(M_M) on weekly timeframe there have a descending triangle pattern. If this stock gives breakout this pattern above 780 then expected short term target 955+ in this stock. Downside 730-735 is strong support zone so any bearish movement only possible below this level. So, We can go long in this stock with stop loss below 730. Upside 800 will act as an immediate resistance after breakout. Possible some breakout correction from this level upto the breakout level. Once it started trading above 800 then further target will be 850, 910 and 955+.
NSE:M_MLong
by TradZoo
2
Mahindra and Mahindra Breakout!!Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout. Stock price has formed a pennant pattern, with support at 734. The fundamentals of the stock are below average and do not point in one direction. Breakouts prior to the results of FY21Q2 can be considered positives for bulls. A sustained price above 810 with increasing volumes could lead to further up-moves to 990, 1080, and 1160 levels.
NSE:M_MLong
by ontropronor06