Mahindraandmahindraanalysis
Mahindra & Mahindra update 500 pointsmahindra and mahindra reached 500+ points from given level
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medium term trading opportunity in M&M for > 25% upsideHi,
NSE:M_M has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Head and shoulder pattern break out in M&M.Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern.
The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout.
Sector and stock both has closed near the ATH. There is a much chance of carrying on with the break out and hitting 1.618 and 2.618 Fibonacci levels.
Auto sector has also move more than 1.5% which also helps in carrying a bullish trade in this stock.
In the second half of the trading session the stock has consolidated on the higher levels and closed just around it.
3 point confirmation.
1. Break out of Inverted H&S pattern.
2. Retested before giving a breakout.
3. Auto sector also forming ATH.
Target:- 1628, 1700
Stop Loss :- Close below 1575 (hourly candle).
Stock can be bought for the targets. Even swing and positional trades can be carried in the september series.
Wait for the price action near the levels before entering the market.
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.
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.
M&M ANALYSIS, Mahindra & Mahindra AnalysisGaps pending
Upside: 1043.9
Downside: 953.55
Supports: 982.95 (Very Imp) / 971.75 / 960.75
Resistances: 1008.6 / 1017 (Very Imp) / 1029.75
Note: OI & Volume to be considered in all the trades.
Conditions applied:
Con 1: If we witnessed Gap up opening nearby 1008.6, Wait for breakout & then take long position accordingly with the given levels, Initial target will be 1017.75 (VI).
Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout (982.95) in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.
Mahindra and Mahindra Chart Analysis !!📈 M&M 📉
My Findings :-
1. Breakout from downtrending trenline zone.
2. Higher High and Higher Low Formation.
3. Close Above March 2022 High.
Bias- Long
Target- 901 and 960
SL- 822
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Bullish Butterfly Observed In M&MThis is one of the bullish harmonic pattern which is called bullish butterfly. Its also called XABC pattern which is auto enabled in trading view.
Harmonic pattern basically based on Fibonacci retracement. This is a very complex pattern to understand thats why accuracy of trades are higher comparative other patterns.
PRZ - 798-799
SL - 783.9
Target - 821/836/848/860
M&M IS IT READY FOR BREAKOUT?? TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
DON'T EXPECT 1700++ QUICKLY BUT SLOW AND STEADY IT MIGHT REACH..
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Long Mahindra CIE Auto...High Probability SetupMahindra CIE Auto
Cmp - 227
Stop - 200
Expectation -
T1 - 300
T2 - open, Review at 300
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Expecting a Bullish Move in MAHINDRA & MAHINDRAOn the 1 Hour Chart of MAHINDRA & MAHINDRA, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 853.60, 868.90, and 885.60. In addition to this, the stock may face a support at the level of 814.95, on the closing basis. Closing Price (as on 14.12.21) : 836
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.
MAhindra & mahindra Trend Analysis MAhindra & mahindra Trend Analysis
1. bull flug pattern formation price movemtum
2. not break trend resistance so chance for down side
3. when break the supply demand zone confirmation of up side big rallly target 1 and 2
3. wait period right now chance accmmulation area after strong buy do not miss it
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.
Mahindra & Mahindra Swing TradeM&M is forming a bear flag after a bullish run , from a few days. Go long after a strong breakout and let it retest. It has taken support from the 200 EMA of 1hr time frame and it has a event on 3rd of November. Place a logical stop loss .
You can also but if it starts taking a good support from EMA 200 of 1hr time frame, place Stop loss below the EMA . Note: This is only for educational purpose , these are not calls.