M_M trade ideas
Mahindra And Mahindra - Long till July End /August 1st Week.Mahindra And Mahindra has formed a beautiful cup and handle and first target of 1011 can be expected by August beginning, traders can go long on M&M, and Fibo Extension levels with trend angle gives clear target of 1000+ in July.
Mahindra & Mahindra - Potential Bullish ScenarioKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Bullish above 785
4. Support zone: 736-753
5. Target: 816, 865, 911, 952
6. Stop loss: 730
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
M_M trading strategy M & M first gave breakout patterns and now it is creating a symmetrical triangle pattern so keep your eye on it and trade on levels
up-trend continues!...everything explained detailly in the chart....
if you have any doubts fell free to ask....
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MnM short below 732Auto sector is underperforming. Among auto, MnM is having the least ROC. If it breaks multi weak support of 732, it will go for bigger correction
Mahindra & Mahindra If trendlines breaks with volume, initiate long above 825
RSI at levels of 41
Hold for targets of 861, 920
can expect 900+we can see ema crossover and the dojis formed at support as now bull run is going on can expect positive breakout and price to go above 850+ to 930
we can also see double bottom formed and now ema crossover also happend so good to take
if goes down 737 is dip1 to buy
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
What's you perception ??? - Comment Mahindra & MahindraNSE:M_M has been trading in a range/channel from the starting of the June series.
It is making drastic moves up and down sides making both the bull & bear players fearful to enter in the game.
What's going happen from now onwards ???
Who is going to win, BULL OR BEAR ?
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M_M Channel ConsolidationNotes
Been in a very tight channel consolidation since 1st of June (797-820). Could give a good move on breaking either of these levels.
Both long and short term MAs are currently converging which is further decreasing the range of movement within the channel.
Volumes are also declining during the consolidation.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
MAHINDRA and MAHINDRA (M&M) Trading SetupAfter getting rejected near the POC of previous downtrend, now looking to move up again to 900 levels.
