MAHLOG trade ideas
asymmetrical triangle - weekly timeframestock following in asymmetrical triangle pattern since august (6 month running)
below which a very good support of weekly trendline.
DI - good
volume - accumulation mode
rsi - above 60
market mood - pre budget rally -(positive to neutral)
RSI Bullish divergdence.Upmove can we expect as per the chart.
RSI bullish divergence on the chart
take the position at your own risk.
Mahindra LogisticsMahindra Logistics.........chart for watchout......for educational purpose only...
mahindra logistics dailytook trend line sup, carry if sustain above 720, took mother candle sup, my view is bullish
Inverted H&S !!Keep in watchlist for any breakout above the neckline for long position.
Once breakout happens above the neckline on daily CB, longs can be considered with SL 730 on weekly CB, for the target of 820 in short to medium term and 940+ (20%) in long term.
Kindly do your analysis before initiating trade.
Long In Mahindra LogisticBuy at 731 level, good support of trend line + 50 MA + 0.50 Fibo Ret support, Target of 810 , SL 710
Only for educational purpose and not a buy sell recommendation.
Mahindra Logistics - Buy above 773Mahindra Logistics Forming 2T VCP Pattern
Today it formed NR7+IB ( Narrowest Range in last seven days)
Early Entry can be taken above 773 with Stop loss 735
MAHLOG - Raising Wedge formationNSE:MAHLOG
MAHLOG - Raising Wedge formation and volatility squeeze happening.
From Current level Target is 820. Once breakout above 820 we can have a Higher targets 920.
Stop loss - 710
Expected Peanut breakout Risky Entry - CMP
Safe Entry -Wait for breakout
SL- 711
T1- 825
T2- 915
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➼I do only Swing trade
➼I Trade only when RR is in my favour
➼Please correct if I am wrong
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Breakout in Mahindra Logistics...Chart is self explanatory. Entry, Targets and 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.
#MAHLOG #MAHLOG
Mahindra Logistics-
CMP: 784.95
1.formed rounding bottom pattern,
2. good Volume supported the strong up move
3. Rsi> 72
4. Stock near its 52 weeks high range
5. if in next trading session opens positive and is able to sustain 1st 30 min
then one can look for its previous swing high target
6. seen increasing Volume and delivery % and Deliverable Qty
Watchout for Resistance breakoutThe stock looks good above 800 for intraday and 820 (on closing basis) for positional trade.
Mahlog, Targeting 749 and more upside if comfortably crosses 749Hello Traders,
Mahlog can be traded for some small profits as per below conditions.
If it touches its support around 694 and bounces back above 700 then we can enter the trade for a target of 749.
If it reverses from current level and close above 721 in 75 minutes or hourly chart then also we can enter the trade for a target of 749.
After entering the trade our SL will be 690.
Its earnings have been respected off late in the market and thus have good potential to go up.
PS: I strongly recommend booking losses when SL is hit, trading is harmful for those who do not follow Strict SLs.
Happy Trading!
MAHLOG Res Breakout Waiting For RetestMAHLOG Res Breakout Waiting For Retest
BUY Near - 615 SL-573 TGT- 558.70
Mahindra Logistics- New All-Time High|Positional/Investment ideaHighlights:
1. New All-Time High
2. Volume expansion
3. Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Mahindra Logistics Limited, a wholly-owned subsidiary of Mahindra & Mahindra, provides logistics services to both internal and external customers. It was soon engaged in taking care of M&Ms complex supply chain needs including inbound and outbound logistics, inter-plant movement, warehousing, linefeed, and value-added services amongst other solutions. It is a 3PL service provider mainly engaged in transportation, warehousing, supply chain management, and people logistics services.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Fresh breakout on weekly charts in mahindra Logistics. However, this would not be a good place to place an entry since the stock has rallied already. Wait for a correction or a retest near the levels of 630-620 and then it will be a good RR trade.
Kindly note, this is not a reecommendation but only an analysis. Consult your financial advisor before investing.
