Betting for upside in auto stocks. M&M looks particularly good in this sector. Possible breakout SL - 719 Disclaimer - Bought M&M at 794
Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900. Stocks to watch out for if we see a bull run in auto stocks : 1) M&M 2) Escorts 3) Bosch 4) Ashok Leyland I am particularly bullish on M&M. Disclaimer : Bought M&M at 794
Mahindra auto has to close above 806 for a momentum upside. Watch out for the breakout. Auto sector looks positive.
M_M has been trading in a narrow range since last few months. Now it is ready to break the trendline. Buy-Above 785 Sl-725 Target-855 930 980 Same kind of setup has been formed in Indusind Bank. I have given the trade of Indusind Bank just before the trendline Breakout. Trade is based on the same setup.
Mahindra & Mahindra keep an eye, the Auto sector can perform well in the coming weeks
Falling wedge pattern in Mahindra & Mahindra. wait till breakout
In the daily timeframe, m_m is forming a descending triangle. This pattern has more chances of giving a bearish move but in this case seeing volume, candles and ema, there is more chance of a breakout. You can watch this stock to trade on Monday.
Mahindra and Mahindra moving under weekly Triangle pattern once its break will see good move.
730 is a crucial support for this stock keep an alert on this level
#M&MFIN (D):-179.35 CMP, looks good for more upsides :) 1) Multi-Breakout :) 2) Volume Breakout
Looks good with a bullish ascending triangle pattern in 15m chart SL below 747.0 Targets above 770 & 790 STT
NSE:M_MFIN Observations: 1)On daily Time frame It made double bottom pattern and gave breakout on 2-9-2021 and on 3-9-2021 it made bearish candle but closed above the breakout level. Please refer below chart : daily time frame. ------------------------------------- Trade Setup for Date 06-09-2021: 1) Don't Jump in to trade at the beginning of the...
EXPLANATION : This is a Daily time frame chart of M_M . The stock has been exact Demand zone , It has formed a Descending Triangle Pattern , Double Top Pattern on 4 hr time frame , If stock has been break the zone with high volume & Retest Demand zone , ( Support Become Resistance ) Go short . If taking Support at exact zone , I am seeing a very good buying...
M_M is given a breakout of the trendline and came to retest the levels. It can be a good swing trade .Go long after breaking the resistance and targets are marked on the chart. Please comment down if you enter the trade.
M&M idea for Buy - 734 F&O traders keep Sl 725 Expecting a reversal from 734
Good Setup. Good Risk to Reward. Needs to break above the supply zone.
A Fibonacci Retracement of 50% has been seen at 230 levels which are acting for the support.
M&M Target 1: 850 Target 2: 950 Stop Loss: 720 Risk/Reward Ratio > 4