Mahindra and Mahindra Trading SetupAfter some fall is available near the support levels which is a good buying area.
M_M trade ideas
M&M double topNOTE: i post charts only for ideas, consult your financial advisor before following it
M_M Short IdeaM_M was in uptrend and recently price failed to create New High and made Lower High which indicates it as a double top pattern
Price is currently resting at neckline. It is weak below 790 Level (if fall continue watch out for breakdown and a strong rejection candle during retest)
M&M, Auto stocks Rocking As mentioned Earlier in Maruti Idea, Auto Index has given good breakout,
As seen on chart there are no resistances till 960 970 levels.
M&M has formed a good base around 800 810 as marked.
On daily chart it has formed a nice candle to enter with good stop loss.
Flag Pole structure in Mahindra & MahindraPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
M&M | Flag accumulation is maturing, breakout may give us 30%M&M | Flag accumulation is maturing, breakout may give us 30%
It has strong support zone for the last 16 weeks - almost 4 months.
CMP : 631 (Can buy upto 600) or buy above 660
SL : 560
Target : 810
1:7 risk reward from the dip (600 level)
Mahindra and Mahindra coming week viewStock in range bound look for a buy above the high sell below low of range bound ,
still have strength to upside till its hit the upside one day chart resistance trend line ,
im suggesting buy on the stock . but buy from any logical place not from no ware of a price
NeutralStock having good strength
Buy above 825 and sell below 815 is suggested for day only
Upper side tgt 838 and 843
Down side tgt are 796,777
Booking shall be done as per 1:1 4 points SL ON EITHER SIDE
M&M - 4 weeks 180 points move.Price was at important support/resistance levels and once it breaks, it comes back to retest the breakout levels and moved up 180 points in 4 weeks time. One can expect the price to reach the ATH as soon as possible.
Other little information are in the chart which are mostly self explanatory, ask technical doubts.
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No Buy or Sell calls strictly :)
MAHINDRA & MAHINDRA, DAILY CHARTM&M, Daily Chart.
Given Beautiful Break-out of 2 years Resistance Trendline.
CMP 828, Support Zone 770 - 790
Targets are 905 & 980.
DISCLAIMER
EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADIVOR BEFORE TRADING OR INVESTING.
#M&M Weekly BO#M&M Weekly BO from long term resistance areas. Will move to new ATH.
Details shared in chart.
