M_M trade ideas
MAHINDRA & MAHINDRA BULLISH BREAKOUT1.STRONG VOLUME SUPPORTED BULLISH BREAKOUT.
2.BULLISH DIVERGENCE.
3.PERFORMS WELL DURING THE MONSOON PERIOD.
Not a surprise for me Really I expected this down but not today itself, I thought there is a need for a correction that may need further 2-3 days.
Please comment on your views about this.
This is purely for educational purposes.
Triangle Breakout Happend ✌✌This scrips form a triangle Pattern and breakout Happened and ready to fly... So keep on your Radar and enjoy the profit.
M_M 1D TF M_M reported a combined net profit of Rs 163 crore for the quarter ended March (Q4 FY21).
As per Technicals, The stock seems to be stalling at 0.5 Fib resistance.
Once it breaks out from the resistance, 900+ can be anticipated.
Furthermore, a bearish harmonic pattern stands in the way which might hinder the Up-trend.
MAHINDRA & MAHINDRA FALLING WEDGE MAHINDRA & MAHINDRA already gives a breakout from falling wedge which indicates a strong momentum towards upside ....../////
Mahindra has given a clear break outMahindra has given a clear breakout with retracement.
Watch out for potential upside.
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M&M - Bullish Descending channel breakout Friday's big spike in M&M seems to be confirmation of the Descending channel breakout which occurred few days back. However we could see a huge Call Writing at 850 strike prices and open interest has increased by 4x, which could act as Resistance. If breaks 850 decisively, then short term target of 900 is achievable. Company's operating results are strong on the back of significant growth in tractor business.
Disclaimer : Above view is only for educational purpose
Mahindra and MahindraM_M - Cmp 797.70
Looks good for long with 730 sl on closing basis.
Reason:
1. Breaking out from the downward trendline with good volumes.
M&M - SHORT TO MEDIUM TERM INVESTMENT TRADEcan start accumulating from 820-810 zone
expected target is 900
Mahindra and Mahindra Consolidating within a strong range Date: 25-May-21
NSE:M_M
Pro's:
-Consolidating within the top band
-Likely to target 912-950 range soon, if continues to sustain above 800
-Expect a range bound move within the range 695/730 to 870/950 for the next 8-12 weeks
Cons:
-F&O Stock, likely slow mover
-Sustaining Below 695, may most likely take it to 570-595 range
breaking out of compressing channelMahindra and Mahindra chart showing a breakout of falling channel on upper trendline. targets could be next level of resistances as shown on charts.
