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Mahindracie

Mahindra CIE Automotive Ltd - Channel BreakoutCompany engaged in the manufacturing of automotive parts. Promoter share holding is nearly 75% with zero promoter pledge. Debt is also in a decreasing trend. Stock has been moving through an upward parallel channel band for the last 1 year. Now it is trying to escape from the band . If it bounce over from here we can expect a movement nearer to 500 soon. Falling profit margin and poor sale sales growth are some restraints in the fast movement of the stock. Any way increasing promoter holding and recent volume strokes are giving a positive hope .
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by DevanNaayar
Mahindra CIE Automotive Ltd - Multi-year + Cup & handle Breakout📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE 📊 Sector: Consumer Discretionary / Automobile and Auto Components 📊 Industry: Auto Components & Equipments Weekly Time Frame Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover . 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle as mention is chart. 📈 On a daily Time Frame script is giving multiple resistance breakout as mention in 2nd chart and also rounding bottom breakout is there. 📈 Current RSI is around 73. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 317 🟢 Target 🎯🏆 - 352 ⚠️ Stoploss ☠️🚫 - 302 👉Strong fundamentals, Expensive valuation ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. 1Cheers!🥂
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by radha_23
1
Target 1 (14%) achieved in Mahindra CIE. Target 2 is ON...This is follow-up on Mahindra CIE. Can check link to related ideas. Target 1 achieved. More than 14%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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by MandeepSinghKohli
1
MAHINDCIE, A morning star appearedif you club the price action of the two recent candles (22nd and 23rd) as one single candle i think we have a valid morning star. 1. price is above long term moving averages of 150 and 200 SMA ✔ 2. Price is not above short term moving average of 50 SMA ❌ 3. Uptick in RSI ✔ 4. MACD Ok ✔ 5. price breaking out from triangle pattern ABC ✔ 6. above average volumes ❌ It looks like a good risk-reward trade. More conservative approach maybe to see better volumes. Price penetrating and closing below the lower parallel line of the pitchfork will mean the idea has failed. **I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
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by NNiveshak