M_MFIN - Resistance breaker!As per rounding bottom pattern, price will gain another 30 to 40 points. Can buy during pull back as the resistance at 393 is broken with high volume.
M_MFIN trade ideas
M_MFin - July 28 Day Trade!Buy above 404 with the stoploss of 401.5. Targets are 407, 410 and 412. Sell below 401 with the stoploss of 404. Targets are 398, 395 and 392. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
Long position built With today's trade and current chart pattern show good strength in stock for positional move. Keep SL as per your risk
Long position built With today's trade we still bullish, also my favorite Cup and Handle patter which can give possibility to take stock upmove
M&M fin : Cup and handle break out backed by huge volumeCup and handle break out backed by huge volume
M_MFin - Line formation!Sell below 385 with the stoploss of 386.5. Targets are 383 amd 381. Analyse and follow your trading plan always.
Mahindra and Mahindra FinanceThe stock is at an interesting position.
The AB leg made 61.8% retracement of leg 0A and now the leg BC is making 61.8 retracement of leg AB.
If the stock brakes the low of gravestone doji this is formed 2 days ago and sustains below it the short for target of recent low.
If stock brakes the high of the doji then buy for target of swing high.
In Both cases the risk to reward is between 2.9 and 3.
M_M finance taking support 1 stock was in uptrend
2 underwent a correction
3 candle pattern and fib. suggests correction is getting over
one can look into this stock above 339 for target towards 345/349
as long as the stock stays above 330
Expecting reversal in M_MFinReasons for expecting some reversal in M_MFin.
1. It has retraced 0.5 Fibonacci level of the recent up move and indicated a reversal.
2. Bollinger band support level.
3. Forming a hammer candle.
So tomorrow keep this stock in your radar.
M&M Fin ShortIt was long following the bullish crab and now faced resistance above. Betting on Fibonacci.
Mahindra, Great Indra of Earth100% retracement, despite its dismal set of quarterly results, expecting monsoon to be good and buisiness to be good, will this move sustain,? may go upto 402, but but, it may not go beyond, so from this level watchout for price action to retrace its gains.
M_MFIN GATHERING PACEM_MFIN GATHERING PACE.
M&MFIN: LCP @ 313
Why to LONG:
#1. Retraced from 0.786 Fib level (Short Term)
#2. After Entering within Bolinger Band from Below on 26/05/2017
in Last trading Day made a LOW @ 300, Above Lower Bolinger Band .
#3. Entered in ICHIMOKU Cloud from Below .
#4. Harmonic Pattern: Bullish BAT
#5. MA: Made a High above 200SMA from Below & closed Just 1.5 point Below that.
& many more.....
TGT: @ 322.3 , @ 333.7, @ 339.3 - @ 345 (HURDLE) , @ 375.
Many More plotted in Chart
M&M Finance - Did you come out of kitchen- Heated at 350 to 290The fall looks impulsive & started falling from the top edge of the channel which was expected.
Previous Update - Can't stand the heat- come out of the fin kitchen
Trading Strategy
285-290 zone if holds next then it should bounce to 310-315 zone if achieved & we see resistance coming then we shall plan for sell on the bounce here as well.
M&MFIN#M&MFIN
It is having support around 296 holding this support it may try to move up above 301 below 296 weakness continues.
M & M FINANCE HOURLY ELLIOTT WAVE - TRYING TO FIT IN A WAVE !!!im not sure of the pattern , any experts please correct me if i am wrong .
i shall be grateful to you,
thanks
M&M Finance Breakout above the trendlineLongs can be initiated with a tgt of 340. SL 322.
Disclaimer: I am a novice at charting and this chart is only for educational purpose, views and opinions are welcome
M_M finance stock is in uptrend
now trading near channel support and at lower end of BB
one can look into this stock around 333
for a move towards 339/343/345
M_MFIN May 3rd Day Trade!Buy above 333.5 with the stoploss of 331. Targets are 337, 339 and 341
Sell below 331 with the stoploss of 333.5. Targets are 328, 325 and 323
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 3rd May 2017 only.
Analysis is based on triangle formation.
Bounce from Trend line support It has been observed that M_MFIN bounce from trend line support and 200 Day Moving Average. one can enter at cmp for target 360/370 stop loss below 318.
Mahindra Finance : Results are catalyst ( BSwing - 1)Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
M_MFIN - April 25th Day Trade!Buy above 345 with the stoploss of 342. Targets are 349, 351 and 354.
Sell below 342 with the stoploss of 345. Targets are 340, 338 and 336.
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 25th April 2017 only.
Analysis based on Dow tenet " Line indicates movement".
Long M&MFINTriangle Break Out happening here Can go with long position with a Target of 352-353 and Stoploss with 344.
