MAHINDRA and MAHINDRA (M&M) Trading SetupAfter getting rejected near the POC of previous downtrend, now looking to move up again to 900 levels.
Mahindraandmahindra
Mahindra and Mahindra at an important levelM&M at an important level. Track Auto Sector; with Relaxation in Covid norms; there is a definite upside in the medium term.
M_MFIN - BEAUTY OF PRICE ACTION I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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M&M YUM & YUMTake trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Mahindra & Mahindra - Potential Bullish ScenarioThe price broke out of the downtrend line with high volume and rallied to change the market structure. There may be a retest of the previous high, 780-790 region. Long positions can be opened on this retest.
The target which I am looking at:
Target 1: 835
Target 2: 877
Target 3: 929
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P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
#48 M&M Kisi Se Kam Nahi 💪 #48(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls, dabur .
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Mahindra and MahindraM_M - Cmp 797.70
Looks good for long with 730 sl on closing basis.
Reason:
1. Breaking out from the downward trendline with good volumes.
M_M Dark Cloud CoverNSE:M_M has formed a dark cloud cover.
Even the RSI is High.
I expect a small correction to occur.
FY21-22 Swing Trade Idea #31: Long on M&M This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
swing trade of M&M bullishReasons for pick up:
1. breakout channel with high volume
2. taken support from 200 EMA
3. break 50 EMA
4. auto sector bullish as nifty bullish
5. taken support previously tested levels
Target - 950
SL - below 725
20 % in 2 or 3 weeks.Having good chances to go up for intraday and to hit target one , in 2 or 3 weeks go for 20%. yesterday BUy above today 1d candle for intraday.
M&M is forming W pattern & tripple bottomM&M good W pattern formation on RSI .
Bullish divergenece with tripple bottom formation
levels to watch
748+ can trigger long to reach 770 level intraday
sl 743
Mahindra & Mahindra (Triangle Pattern or Cyclic Double Bottom)Scenario 1: ( Triangle Pattern )
If M_M Price forms Descending Triangle pattern. Then is a Chance for Break out @ down side, If So
Then the Entry Price Should be730
1st Target is 681.25
2nd Target is 663
Stop loss is 742
Scenario 2: (Cyclic Double bottom )
If The price Breaks above 781
Then the entry price is 781 after retesting the Zone from 798.
Target is 823
Stop loss is 766
🚙 #mahindraandmahindra #m&m #niftyauto NSE:M_M
if one can find reversal at harmonic PRZ then only go for long with stop loss which comes at X point as mentioned.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
M&M FIN- POSITIONAL TRADEGood time to buy for aggressive traders. The stock has given a closing above its 50D EMA in 15 min time frame. Reached the important support level in the 1D time frame and bounced back. Can give an easy target of 175 near its 200D EMA in short term. KEEP ADDING IN SMALL QUANTITIES. LET RSI LINE GO ABOVE 40.
