Mahindra & Mahindra cmp 2817.10 by Daily Chart viewMahindra & Mahindra cmp 2817.10 by Daily Chart view
- Support Zone 2615 to 2670 Price Band
- Resistance Zone 2945 to 3010 Price Band
- Volumes are seen to be getting in close sync with the average traded quantity
- Breakout attempts from Parallel Price Channel and Falling Resistance Trendline are progressive
- Slanting Bullish "W" formation in the making and taking breakout from the Falling Price Channel
Mahindraandmahindratradesetup
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.