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Mahindraandmahindraview

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.
NSE:M_MLong
by Mambotrade
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.
NSE:M_M
by Trading_hawk
3
Simple Trade Setup | M&M | 22-10-2021 [INTRADAY]NSE:M_M I am posting this as one of the follower from twitter requested for it. Observations: 1) On 1 day time frame, it closed just below 10DMA. Please refer below chart : 1day Time Frame. 2) On 15min time frame we can see RSI made higher lows, while price was making flat lows. We can see a quick upmove in which we can take a quick/intraday long trade. If opens gap up then avoid. Please refer below chart : 15min Time Frame. 3) Further on 15min time frame we can see that it has critical supprot range of 890 to 895 level. Also it has been taking resistance from the resistance trendline. ------------------------------------- Trade Setup for Date 22-10-2021: 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.
NSE:M_M
by Trading_hawk
2
Mahindra & Mahindra Breakout ?Mahindra & Mahindra For Swing Trade after Breakout 1.Breakout Should BE with Good volume 2.We can go long if Price sustain above 790 Levels at least for 20 minutes TGT- 850 1st TGT 920 2nd TGT SL- If price closes below 750 *Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. ... There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss. >> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
NSE:M_MLong
by Ravitejasreevatsav