MAHINDRA & MAHINDRA LTD.

BSE

M_M

The stock is expected to undergo bottom formation . At the moment, weekly RSI is far below 50. If it starts rising, key level to cross is 582 then 598. Will take a few months.

There are hugechances that M&M will fall today. As it is about to cross support level. RSI and Bollinger Band are also stating a sell signal

went down yesterday but held the support. If it does not break 717 for a couple od days, near term target is 754

Short term buy for 890 target. Trading in perfect channel. It may soon touch to nearest Fibonacci level 890

view

Double bottom has been spotted, as seen in the chart Also recently the price has broke off the resistance level. Target 771 SL 738

m&m is break out and pull back also completed

M&M has given breakout of Inverse head & shoulder on daily charts target would be around 1500-1530

...... all mentioned on Chart. Misguiding Volume in "NSE" & "BSE". While In BSE' has >3x, NSE: Flat. Some fundamentals: MARKET CAP (Rs' Cr): 77,831.30, FACE VALUE (Rs'): 5.00, PRICE/BOOK: 2.61 BOOK VALUE (Rs'): 479.41(Consolidated), DIV' (%): 260.00%, DIV' YIELD.(%): 1.04% P/E: 20.66, INDUSTRY P/E: 28.22, EPS' (TTM'): 60.64, P/C: 15.28 DELIVERABLES (%): 73.71...

Large Candle trendline break down followed by retracement ... Excellent entry for shorts for a target of 1240 levels. Fundamental factors like Government considering to increase the GST rates on Auto, Commodities like steel, Aluminium prices increasing might have a impact on auto company margins which may drive the stock prices lower

Still in bullish MACD crossover with positive RSI. Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.

The stock is currently at 1362; and also on verge of triangle break-out. This stock can easily zoom towards new highs im expecting 1450/1480/1500 levels with stop placed at 1325

It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead. Target: 1250 Stoploss: 1200

It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance. Target: 1205 Stoploss: 1150 Risk Reward: 2:1

if these long term trendlines hold this sleeping giant could be a good portfolio buy long term

It is been observed that the price action is breaking out from the 1350 support levels on daily chart, indicating further weakness ahead. It shall now go further down to next support levels at 1312. Target: 1312 Stoploss: 1385

Bullish Harmonic in triangle suggest buy around 1408-1410

* Bullish AB=CD * Oversold RSI