M&M long idea - Falling Wedge breakoutIf strong finish above upper TL, can initiate a long position.
M_M trade ideas
Mahindra & MahindraM&M
Cmp = 785, Tgt = 940, Sl = 762.70
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M&M swing trade ideaPrice has given a very strong breakout above the descending trend line and 50 ema with huge volume. A double bottom pattern has also been formed. MACD and stochastic RSI are signaling buy.
Mahindra and Mahindra for target of 850,950,1000Stock:
good retracement after rally
now made a W pattern which is bullish sign
average Volume also given good confirmation with big candles
Can be good pick for positional trade
Auto sector: sectors stocks have started upmove which is a good sentiment for movementum
Mahindra & Mahindra W Breakout Possibility ViewMahindra & Mahindra :
W Breakout Possibility (W) & falling wedge (FW) Breakout & Bounce (BS) from support
BIG Trend reversal in M&MM&M day chart , falling channel BO is seen with volume BO. The stock has been in falling channel right from the time it made multi year high few months ago. Stock took support at levels which its respecting since Jan 2021. Upcoming monsoon is a big trigger for trend reversal in stock. If market supports then this may trigger a trend reversal.
swing trade of M&M bullishReasons for pick up:
1. breakout channel with high volume
2. taken support from 200 EMA
3. break 50 EMA
4. auto sector bullish as nifty bullish
5. taken support previously tested levels
Target - 950
SL - below 725
M&M breakout triangle patternThe formation of the descending triangle and its break upside we can take a long position
STRONG BUYING ANALYSIS M&M hey guys in this video i have shown a very good buying trade, make sure to watch it full.
M_M Ready for Ballistic Up Move #M_M
Descending Triangle Breakout with good volumes.
W Pattern/Double Bottom
Support 730/740
M&M breakoutTrendline Breakout from Support
RSI divergence
Good volumens
We can expect good move upside.
M&M SPOT SWING VIEWM&M SPOT STRONG RESISTANCE ZONE @710-30. If Breakout Resistance Zone and hold then go Long for Levels - 811/899/979.
VIEW NEGATED BELOW - 689 (DCB).
M_M SWING TRADEM_M is given a breakout from the flag pattern with a good volume. Expecting a 1:2 risk-reward.
20 % in 2 or 3 weeks.Having good chances to go up for intraday and to hit target one , in 2 or 3 weeks go for 20%. yesterday BUy above today 1d candle for intraday.
Piercing pattern with confirmationWe can see piercing pattern confirmation today with good volume. If it opens tomorrow with good volume and higher price, we can see upside.
M&M is forming W pattern & tripple bottomM&M good W pattern formation on RSI .
Bullish divergenece with tripple bottom formation
levels to watch
748+ can trigger long to reach 770 level intraday
sl 743
mahindra & mahindraview given before for sell , clearly one can see new high is made + sell SL trigger, one should go long with sl 740
