M_M trade ideas
Mahindra and Mahindra: 1Yr TL BD + Recent Swing Low Broken The scrip has broken its recent swing low for the first time after COVID and and the same time, it also has broken the 1Yr TL that it has been pampering till now. It's a feast to SHORT now!
MNM good short candidate.MNM spot cmp 825
Counter have given breakdown from symmetrical triangle formation.
Rsi is giving early indication of weak ness in counter,,
Counter is trading in range from long time..
Now in verge to breakdown,,,
Stiff resistance can be seen in range 528-537
view gets negated above 542 on hourly closing basis
Down side small support confluence around 794-790 levels
Below this levels 755-730-710 possible
Positional view..
Good short candidate...
M_M is at critical point - Be CarefulNO Buy signal - Don't be greedy..
Can go up or A Downtrend might start
Heavy Selling PRESSURE
Mahindra & Mahindra Mahindra and mahindra is up trending stock in bigger time frame. but now it is lot of consolidation also it is fined as darvas box strategy. so now if stock are break uppside of box so if he going to sky and break previous high or. made new high but he isbrek downside of box so i give levels to tred
and be careful in trading
M_M BuyFor 29th june Long position for M_M.
Buy above 910 , tgt1 913, tgt2 917, tgt3 921, tgt4 925.
Short below 902.5 , tgt1 898,tgt2 895,tgt3 892, tgt4 886 .
Trail the SL as long as the subsequent targets are achieved.
MAHINDRA AND MAHINDRA - BREAKOUT AWAITINGNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Mahindra & MahindraStock's range is getting smaller daily which indicates there is movement going to happen soon. It has formed Symmetrical Triangle on Daily TF, breaking the triangle will bring decent move on either side
#M&M cash : Looks good above 856.50#M&M cash
16.03.2021
Looks good above 856.50
stoploss 842
Target 868-876/888
Cmp 843
M&M waiting for a big moveM&M has formed a triangle, in its daily chart and is waiting for a big move in the coming days.
M&M trade after breakout on either SideWaiting for breakout , Buy if broke above rectangular Resistance, Sell if broke below trendline
M&M | Triangle Breakout | BUY | 12% profit | RR>3.6 | Short TermWait for the triangle breakout with volume. After the breakout, BUY position can be taken for 12% potential profit in a short term. The RR > 3.6 and the stock is trading above EMA20 and EMA50, indicating bullish trend.
M_M Making Higher High M_M Making higher high if NIFTY is positive in next week go long in M_M. Good stocks for swing trade / Positional
M&M - Multi timeframe + Fibo+ Triangle. The auto sector has been really strong lately. In 1 Daytimeframe stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone.
In the 1Hrs timeframe it has formed a triangle pattern. It has completed 38.20% retracement and also Supported by 50 daily ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
#M&M cash : Looks good above 830.10#M&M cash
01.03.2021
Looks good above 830.10
stoploss 818
Target 838-840/848
Cmp 819
M&M: Watch out for Breakdown below 55SMAIf it does breakdown and sustains below 55SMA, then 200 SMA test will be on cards.
