M_M trade ideas
M AND MM & M after long consolidation.. pennant flag pattern breakout.. focus we expert 10 to 12% from CMP.. just wait and watch..
M&M Weekly Flag Breakoutit seems to has given good weekly breakout after a long consolidation of 3 quarters.
Descending triangle !!!Stock is forming a descending triangle pattern on weekly chart. Descending triangle pattern is considered as bearish pattern. Once breaking the support, short positions can be initiated. In this case stock has made support at around 735/740 levels. So, one can keep this stock on watch-list and trade can be initiated, once breakdown/breakout happens. If the stock crosses and closes above the trendline, longs can be considered and vice-versa.
Swing M&MThis stock has been in an uptrend. Support on band, rising RSI, Breakout at weekly. Trail your SL if the trade is in your favor.
cup and handle like chart formed closing above 780 would make the breakout on daily chart.
SL: 750
Target: 860/900/975/ATH.
Reason: New Launches , Govt. PLI scheme .
Risk : Auto Industry facing Semi conductor Issue which may resolved by the mid of next year.
Perfect Swing Trading Opportunity with M_MPerfect Triangle Pattern, M_M set for the breakout.
CMP 806.5
Target - 950-980
SL - 727 - 720
Risk Reward Ratio = 1:3
Macro-Economic Factors that can influence
1) M_M production was stopped due to chip shortage, Overall chip shortage is getting solved
2) M_M Xuv 700 Market Entry
Mahindra and Mahindra Breakout!!Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout.
Stock price has formed a pennant pattern, with support at 734.
The fundamentals of the stock are below average and do not point in one direction.
Breakouts prior to the results of FY21Q2 can be considered positives for bulls.
A sustained price above 810 with increasing volumes could lead to further up-moves to 990, 1080, and 1160 levels.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON M_MIn this self explanatory series i will be posting charts with pure technical analysis on charts without full length explanations , Traders can ask their in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading
Market Analysis of 27th September 2021 and Trade RecommendationsViews On Nifty & Bank Nifty: After a strong opening, the markets witnessed profit booking and closed flat. The market breadth was evenly split with 25 stocks posting gains.
Data Analysis: In the cash market trading data, we find that while FIIs were net sellers, DIIs were net buyers. Taking a 3-day average, we can see that PRO has turned bullish in derivatives segment. We can observe that FIIs have added to their positions in Index Futures and Index Puts and reduced their positions in Index Calls.
Looking at the today’s Participant Data Only Clients have net bullish positions and FIIs ,DIIs and Pros have bearish positions. India VIX is 18+.Markets are bearish and would recommend to hold to existing short positions,
Trade Recommendations for 27th Sep – 1st Oct 2021:
1. Adani Green (1150.10): High volume candles past few days with low price moves.NR4 stock. Could move heavy on either side.
2. Biocon (358.95): Heavy fall on 27th September. Can be shorted below RSI = 45
3. Gail (155.45): RSI > 60. Could have huge bullish move.
4. Heromotoco (2915): RSI > 60. Could have huge bullish move.
5. HINDUUNILVR (2744): Reversal from a support area. Good spot to buy on dip
6. ICICIGI (1559): Bearish. Sell below RSI < 45 on Daily charts.
7. Indigo (2138.70): HOLD. No new transactions advised.
8. Maruti (7420): Bullish move with heavy volume. Buy to pyramid this stock. Those holding the stock can add.
9. Mahindra and Mahindra (805.90): There could be profit booking. Away from EMA 20. This could trigger correction. Correction would lead to good opportunity to buy on dip.
a) As calls are valid for the period 27th September to 1st October 2021
b) Any stocks added should be assumed to be included in the watchlist of that current week and those removed should excluded from it.
MAHINDRA & MAHINDRA
Buy at Market or Buy Stop Order
Target:- 1007
Stop Loss:- 780
Duration:- 9 to 12 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also a descending triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
#M&M Cash : Looks good around 800-803#Mahindra and Mahindra -Positional call
27.09.2021
Looks good around 800-803
stoploss 780
Target 845-850/880
Cmp 811.35
M&M longstock is making a Triangle pattern and produced good momentum . i expect a breakout with Targets of 825 / 850 and 920 .
M&M Ready For BreakoutM&M is Ready for Breakout, You can do swing trading in it, its target stoploss has been given
Buy Mahindra & Mahindra Between 790-815 Cmp @ 811.35Buy Mahindra & Mahindra Between 790-815 Cmp @ 811.35
MAHINDRA AND MAHINDRAM and M ................................................................................................................................
Mahindra & Mahindra trading idea stock given breakout at both daily and weekly time frame.
its trend line break out.
support mark on the chart if it close below that level on daily closing basis exit.
Mahindra & Mahindra Bullish Flag Breakout M&MBullish Flag breakout in M&M after six months consolidation on monthly chart & on weekly chart as well.
Auto index also gave breakout and looks bullish on daily chart.
Resistance levels to watch is 822, 850.
M&M - Possible breakoutBetting for upside in auto stocks.
M&M looks particularly good in this sector.
Possible breakout
SL - 719
Disclaimer - Bought M&M at 794
TRIANGLE BO IN M&Mis it right time to enter m&m?
take target and stop loss looking at the chart.
personally entering the trade.
