M_M trade ideas
M_M Technical Analysis with targets and stoploss.Mahindra & Mahindra broke its falling chain and has come out of it strong ,it can be a good buy at the current level and we can expect the targets of 838, 914 and 975 as mentioned in the chart where green lines represent target and red horizontal line shows the stoploss, however if it succeeds in hitting the target 1 and 2 then it will be back to its uptrend and we can see some more upmove in the medium term.
M_M Dark Cloud CoverNSE:M_M has formed a dark cloud cover.
Even the RSI is High.
I expect a small correction to occur.
Mahindra & Mahindra - Failed BO or Upswing ?Stock has been testing the long time S&R zone and in last 2 sessions has bounced from it with good volumes after making triple bottom.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute candle closes below 788 with good volume then can target 775,770 levels
SWING - Daily candle close above 805 can easily give targets of 830, 838 in coming days.
P.S. Opening of stock is important, keep the levels in mind.
READY FOR TAKE-OFF ? 15% UPSIDE | ANOTHER DESCENDING BREAKOUTHi Friends and Fellow Trades,
WATCH OUT for this one !! ALL LEVELS MARKED ON CHART
ENGINES PRIMED , IGNITION ON , WAITING FOR LIFT OFF !!!
Breakout from Descending Trendline
Major Trend is UP
Ascending Triangle forming in 15 MIN timeframe
Market Structure is Up trending
Strong Area Of Consolidation
#FANOFBREAKOUTS
ALL SIGNS OF GOOD THINGS TO COME !!! LET THE LOVE OF THE STOCK FLOW IN YOUR LIFE !!!
M&MBuy above 790, SL: 778,
T1: 802, T2: 810, T3:835
Sell below 778, SL: 790,
T1: 770, T2: 759, T3:737.50
M&M looks bullish#positional
M&M (CMP: 803) has broken the triangle pattern as well as retested today making it good for upside, keep trailing stop loss with swing lows
#M&M Cash : Looks good above 800.10 - Dont miss it#M&M Cash - Dont miss it
19.05.2021
Looks good above 800.10
& dips 790-794
Stoploss 776
Target 824/848/900
Cmp 783.65
On crucial support.At very important support level.
If it breaks today, we can short upto given levels for coming trading sessions.
M&M Bullish Harami at the support Representing bullish sign.M&M Bullish Harami at the support Representing bullish sign.
Trend line was broken with the strong momentum candle and volume.
Price sustained retest for the trend line also completed.
Entry @ 804
Target 1010
Stop Loss : 730
Lets learn and earn together #4| Discuss and Ask Anything Mahindra and Mahindra amazing and tradable pattern :)
Such moves before earnings can yield you good returns :)
Good luck trading it and any issues understanding the price action or wanna add anything you want = comment me I will try to answer you :)
Happy trading guys :)
Study 7: Descending Triangle - M&MThis is Just for study purpose. M&M seems to be a descending triangle.
FY21-22 Swing Trade Idea #31: Long on M&M This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
MAHINDRA AND MAHINDRATHE STOCK HAS GIVEN A GOOD BREAK OUT AND HAS ENTERED THE TRENDING MARKET....LOOKING GOOD FOR BUY
Bullish on Mahindra & MahindraM_M had faced multiple resistance and took various supports near 735. Stock broke previous swing high which now may act as a support and it is about to give a good breakout. The pattern appearing here is like a flat bottom triangle.
Buy if it crosses 792 once again with a stop loss of 735 and target of 904.
