Manindra & Mahindra LTD Technical Analysis #Mahindra & Mahindra (M&M) is a prominent Indian multinational corporation, known for its diverse range of products and services.Manufactures and sells a wide range of vehicles including SUVs, pickup trucks, commercial vehicles, and electric vehicles. They are known for their utility vehicles, holding a leadership position in India by revenue market share. Here's an Chart overview based on recent information
MOM trade ideas
M&M - Think before you punch the BUY buttonChart/count is on Monthly TF. The price has extended to 3.618 fib level.. technically, the stock is still in uptrend, but, the pattern at the top isnt giving me any confidence that it would move further up from here on..
Distribution phase - Just waiting for the trigger to meltdown..
Twice before, it broke the cloud and managed to climb back up.. Breaking again this time, lets see if the stuck can manage to buck the trend this time..
Waiting for the break of 2880 for first sign of weakness/signal.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Mahindra And Mahindra Ltd Date : 20.01.2024
Timeframe : Day Chart
NSE: M&M
Remarks :
1 Broke 20 EMA & 60 EMA. Evolving bearish crossover between the two.
2 Broke Ichimoku Span.
3 Broke Descending Triangle base line.
4 Below 50% of entire Bullish consolidation zone.
Buy Condition : Above mean reversion of RSI + Resume Descending Triangle base from current situation OR If it touches base line of bullish consolidation along with RSI Oversold concept + at 200 EMA that time.
Short Condition : Keep 50% or base line of Descending triangle as Strict stoploss for carry forward trade/s.
December Auto Sales Numbers : Major 4 Wheelers Cos
For your reference & to compare it with January 2025 Month On Month Comparison
MAHINDRA :
DECEMBER TOTAL SALES 70,000 UNITS VS EST 77,800
MARUTI SUZUKI:
DECEMBER TOTAL SALES 1,78,300 UNITS VS 1,37,551 UNITS (YOY); EST 1,71,600
TATA MOTORS:
DECEMBER TOTAL SALES 78,164 UNITS VS 77,855 UNITS (YOY); EST 70,000
Regards,
Ankur
Mahindra & Mahindra (M&M)The chart for Mahindra & Mahindra (M&M) displays a strong bullish trend, highlighted by a previous flag pattern breakout and a recent symmetrical triangle breakout, indicating a continuation of the uptrend. The breakout is confirmed by increasing volume, with the first target set at ₹3,300. MACD shows a bullish crossover, further supporting upward momentum. For existing holders, it is advisable to hold with a stop loss at ₹2,950 and aim for targets of ₹3,300 and ₹3,500. New entries can be considered on a retest near ₹3,050–₹3,100, with the same targets and stop loss at ₹2,950. Swing traders can look for bullish price action above ₹3,100 to aim for ₹3,300–₹3,350, while short-term traders should monitor price action near ₹3,300 for potential reversals or profit booking. Caution is advised as overbought conditions may lead to pullbacks, but weak volume during such corrections could confirm the continuation of the uptrend.
M&M classical diamond pattern set up and trade opportunityM&M classical diamond pattern for a breakout opportunity, as it presents a strong setup for both bullish and bearish trades. On the bullish side, if the price breaks and closes above ₹3,200 with strong volume, enter a long position targeting ₹3,650, calculated by adding the pattern height (~₹450) to the breakout level. Set a stop-loss slightly below ₹3,150 to manage risk effectively. Conversely, if the price breaks below ₹2,750 with high volume, enter a short position targeting ₹2,300, with a stop-loss set just above ₹2,800. This strategy ensures that both scenarios are covered, allowing for a potential profit regardless of breakout direction. Aim for a risk-reward ratio of at least 1:2 and secure partial profits at the midpoint of the target. Use trailing stop-losses to lock in gains as the trade moves in your favor. Confirm the breakout using technical indicators like volume, RSI, or moving averages, and exit quickly in case of a false breakout back into the pattern.
MAHINDRA AND MAHINDRA : HOLD SET UPMahindra and Mahindra Limited is an India-based company that is primarily engaged in the mobility products and farm solutions. The Company’s segments include Automotive and Farm Equipment. On weekly time frame , the Chart is making a Broadening Triangle Pattern . A Broadening Triangle Pattern can be characterized as a bullish reversal pattern. This pattern is created when the highs become progressively higher, and the lows become progressively lower. This creates a "broadening" effect on the chart. The occurrence of this pattern indicates that selling pressure is weakening, and buyers are starting to step in. A breakout above the resistance level signals a potential trend change. The pattern is said to get its name because the chart looks like a broadening formation. Sometimes this pattern is called a megaphone bottom or a reverse symmetrical triangle. . While this pattern looks bearish at first, it's actually a bullish sign. It indicates that the stock is gaining momentum and is likely to continue to move higher. This is a great opportunity to get in on the action and reap the rewards of a market reversal. Once you see that the stock price is rising above the support level as it is happening in our case, it is a good time to buy. The broader is the triangle , higher is the probability of break out, through the top of the pattern.
CMP : 1185.50
PRIMARY TARGET : 1410.10
STOP LOSS : 1122.00
Risk Reward Ratio ( 63:225 ) = 1:3.6
RSI (14) = 46.30 (< 80 )
ADX (Directional Strength ) = 42.56 ( > 20 )
ATR : 23.93 ( Less Volatile )
50EMA(Weekly Time Frame ) : 1179.00 ( Support )
Exit , once our primary Target is achieved .Then , we wait for the confirmation of breakout /breakdown. Re-Enter the trend after CONFIRMATION OF BREAK OUT/BREAK DOWN accordingly.
Mahindra & Mahindra Trend Aalysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 7 to 10 times.
Short M&MMahindra & Mahindra is showing signs of a moderate Bearish move which can be of 5 - 10 BPS
OC data suggest indecision in the sentiment
Marubozu candle was formed which shows Bears are trying to pull market downward
RSI is almost in Oversold region
There is also a slight possibility that the next candle would be Doji or a Spinning Top
A strict SL is required if you don't want to lose your money because the sentiment may change any time
Bollinger Band is not contracting which shows there won't be consolidation anytime soon
This Trade is quite risky so there is a very high probability that our prediction may go wrong.