#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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Mahindrafinance
Long Mahindra Finance @151| May Break the trendline resistance|The stock has closed just above its SUPPORT ZONE OF 148-151. History - This ZONE had acted as a SUPPORT for long time.
Possible Reversal can be seen.
1. At strong Support zone
2. Retracement done from high to low (61.8 fib level)
3. Consolidation going from few days (possible breakout)
4. RSI divergence in smaller time frames.
5. MACD about to give crossover*
5. Decent delivery percentage (around 26% on 14/05/2021)
Buy @cmp for a near term TARGET OF 175-180 (OR 50-DAY EMA)
SL - 146
FAVOURABLE RISK TO REWARD = 1:5 (for Target->175)
Feel free to share your feedback and queries.
M&M Financial: At a Very Strong SupportAnalysis:
1) The stock has seen significant correction
2) It is present in a strong activity area from where the stock has previously witnessed support and resistance
3) The stock is also taking a support from the trend line
4) It is also retracing from 0.882 Fibonacci levels
Interested traders can look for confirmation by waiting for the price to breach 165 levels before taking the trade
Tgt 202
Sl 152
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Buy Mahindra and Mahindra FinanceBuy and accumulate Mahindra & Mahindra Financial Services for 20%-30% upside in 2-6 months period.
Target levels: 197,222,245.
Low Support Levels: 113, 79
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#mahindra&mahindrafin #nifty #nifty50 #niftyfin #banknifty NSE:M_MFIN
just wait for breakout and be little alert at each support and resistance.
******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.
MAHINDRA & MAHINDRA FINANCE WAIT AND WATCHPreviously, we have noticed 2 minor breakdowns in this stock and bearish momentum is now at its high so the possibility is too high to go down at these price levels.
Currently, the price is retesting at 182 level if it goes down in the next 2 days form 172 level then,
- Our entry will be at 170 level after the formation of 2 red candles
- Our only target in the short side will be the 158 level .
- from 182-172 levels will be our no trading zones.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
M&M finance - at confluence of 20 and 50 EMA. Long !M&M finance is trading at a critical level of 132, which is a confluence of 20 and 50 EMA. Also, it is trading at the lower end of rising channel, from which a bounce can be expected. Keep a strict stop loss between 125-127 for first target of 142, translating into a potential upside of 6%
Also, while the earlier breakout was with high volumes, the fall was made with lower volumes! High probability of upside from current levels
M&M FinanceM&M up by 6% but ranging in an upper step levels. CTP is 184.90. Last two sessions shows good volumn and marginally good upward moments and if stock break 189.00 level (It's resistance zone based on one hour chart) and 191 level (it's an upper step level resistance zone) then the stock will go up. Be cautious as there may be profit bookings. But stock looks bullish. It broke 182 level resistance ans sustained.
Entey, 189/191
SL,181