Mahindra and Mahindra - key level 582 The stock is expected to undergo bottom formation . At the moment, weekly RSI is far below 50. If it starts rising, key level to cross is 582 then 598. Will take a few months.
MOM trade ideas
M&M ShortThere are hugechances that M&M will fall today. As it is about to cross support level. RSI and Bollinger Band are also stating a sell signal
Holding supportwent down yesterday but held the support. If it does not break 717 for a couple od days, near term target is 754
Short term buy for 890 targetShort term buy for 890 target. Trading in perfect channel. It may soon touch to nearest Fibonacci level 890
Double bottom and breakout from resistanceDouble bottom has been spotted, as seen in the chart
Also recently the price has broke off the resistance level.
Target 771
SL 738
Inverse head&shoulderM&M has given breakout of Inverse head & shoulder on daily charts target would be around 1500-1530
M&M: Is Correction OVER?...... all mentioned on Chart.
Misguiding Volume in "NSE" & "BSE".
While In BSE' has >3x, NSE: Flat.
Some fundamentals:
MARKET CAP (Rs' Cr): 77,831.30, FACE VALUE (Rs'): 5.00, PRICE/BOOK: 2.61
BOOK VALUE (Rs'): 479.41(Consolidated), DIV' (%): 260.00%, DIV' YIELD.(%): 1.04%
P/E: 20.66 , INDUSTRY P/E: 28.22 , EPS' (TTM'): 60.64, P/C: 15.28
DELIVERABLES (%): 73.71 (last Trading Day)
DELIVERY AVG.:
3 - Day: 72.77%
5 - Day: 70.66%
8 - Day: 68.86%
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
M&M - A downhill drive: GST rate & Raw Material Key DriversLarge Candle trendline break down followed by retracement ... Excellent entry for shorts for a target of 1240 levels. Fundamental factors like Government considering to increase the GST rates on Auto, Commodities like steel, Aluminium prices increasing might have a impact on auto company margins which may drive the stock prices lower
BUY M&M CMP: 1432 TGT: 1445 SL: 1425 (INTRADAY 8/6/17)Still in bullish MACD crossover with positive RSI. Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.
M&M up ,up and Up..!!!The stock is currently at 1362; and also on verge of triangle break-out. This stock can easily zoom towards new highs im expecting 1450/1480/1500 levels with stop placed at 1325
Mahindra & Mahindra Flag Breakout It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead.
Target: 1250
Stoploss: 1200
M&M Turning Positive It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance.
Target: 1205
Stoploss: 1150
Risk Reward: 2:1
M&M closing on long term supportsif these long term trendlines hold this sleeping giant could be a good portfolio buy long term
Mahindra Mahindra Breaking Out 1350 Support LevelsIt is been observed that the price action is breaking out from the 1350 support levels on daily chart, indicating further weakness ahead. It shall now go further down to next support levels at 1312.
Target: 1312
Stoploss: 1385
Mahindra ranging in Symmetrical Triangle of Wave 4It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
Mahindra Failing To Make New High, Downside Breakout ConfirmedIt is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that indicates that the price action shall move to the downside direction.
Target: 1400
Stoploss: 1469
Mahindra & Mahindra Breaks out of Consolidation Mahindra breaks out of a good consolidated range on hourly. Looking forward for a close above 1488 to confirm a daily breakout of the range.
