TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 7 to 10 times.
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.
...... 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
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
Mahindra and Mahindra Limited is engaged in the manufacture of passenger cars, commercial vehicles and tractors. The Company's segments include Automotive, which is engaged in the sale of automobiles, spare parts and related services; Farm Equipment, which is engaged in the sale tractors, spare parts and related services; IT Services, which includes business consulting and related support activities; Financial Services, which includes services relating to financing, leasing and hire purchase of automobiles and tractors; Steel Trading and Processing, which is engaged in trading and processing of steel; Infrastructure, including operation of commercial complexes, project management and development; Hospitality, including sale of Timeshare; Systech, which consists of automotive components and other related products and services; Two wheelers, which consists of sale of two wheelers, spare parts and related services, and Others, which includes logistics, after-market and investments.
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