M_MFIN trade ideas
Swing / Positional Opportunity in Mahindra and Mahindra FinanceGo Long above 161.1 for Targets of 169.6, 178.1, 186.6, 195.1, 203.6, and 212.1 with SL 152.6
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed around 0.618 Fibonacci level.
3. Also there is a demand/ supply zone (marked with a green rectangle ) around 0.618 Fibonacci level.
4. In addition to this we can see there was a huge volume in today's (20 May 2021) trading session as compared to previous sessions.
M&M Financial Short term target 188.Consolidation at 152 level. Stock is trading at support level with BO green candle and volume. Short term target could be at 50% Fib level.
M_M FinanceBuy-155-160
SL-150 Below Closing BAsis
Target-180-190-210
Time Frame-1 Month
Formed a Bottom At 150 & Moving Higher..
Till 150 is safe everything is Fine In the Counter..
M & M financeObserved Strong Support at 150 level, if Breaks Down can go for short, if sustains can go long up to 200 target,
can buy 170 ce june, lot size 4000, CE value at 5/- amount 20,000/- investment or
can buy 160 ce june, CE value at 8.30/- amount 33,200/-
to take long in futures june expiry at 155.70/- required margin 2.12 Lakhs approx.,
only for educational purpose.
Mahindra and Mahindra Finance : Its time to accumulate Mahindra and Mahindra Finance : Its time to accumulate
#M&M #M&MFIN #MAHINDRA #STOCK #FINANCE #CREDIT #LOAN #INVEST #IT#M&MFIN
NSE:M_MFIN
CMP: 154.50
Target to be 208 real quick.
Might hold for higher returns.
Factors :
Earnings & EPS positive
Dividends Payout high
50% Fibonacci retracement
Spike coming soon.
Peers:
NSE: BAJFINANCE
NSE: BAJAJFINSV
NSE: MUTHOOTHFIN
NSE: SRTRANSFIN
NSE: BAJAJHLDNG
NSE: MANAPPURAM
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Long Mahindra Finance @151| May Break the trendline resistance|The stock has closed just above its SUPPORT ZONE OF 148-151. History - This ZONE had acted as a SUPPORT for long time.
Possible Reversal can be seen.
1. At strong Support zone
2. Retracement done from high to low (61.8 fib level)
3. Consolidation going from few days (possible breakout)
4. RSI divergence in smaller time frames.
5. MACD about to give crossover*
5. Decent delivery percentage (around 26% on 14/05/2021)
Buy @cmp for a near term TARGET OF 175-180 (OR 50-DAY EMA)
SL - 146
FAVOURABLE RISK TO REWARD = 1:5 (for Target->175)
Feel free to share your feedback and queries.
M&M Finance is looking good to Buy at 151M&M Fin @ 151 is excellent Buy considering the risk reward it is offereing at present, there is strong support at 150 levels but the target is 180 which is very good and attractive bet at the moment.
M&M Finance - At support levelsFor Educational purpose only..
M&M finance at support levels in daily & weekly charts.
M&Mfin a strong support. A good reversal can be seen.M&Mfin a strong support. A good reversal can be seen from current level on trendline breakout.
Can see upside to: 153, 171, 185++
Next support below 149-146.
M_MFIN (1D) CANDLE SUPPORT & RESISTENCEMahindra Finance taking support at 152.
stoploss below the horizontal line.
It may reach upto 180 to 190 .
Trading is Probability
