Mahindra & Mahindra Tech SetupOne of the TV member asked for M&M technical analysis. Here it is. View: Long Positives: 1. Prevailing long term trend is bullish. 2. Possible Flag pattern seen. 3. Corrective price action with reducing volume. Price action of last time when M&M broke above the trendline of polarity, the retracement back to the support was quick with high volume (Marked as 1). Price action of current correction (Marked as 2) is very different from (1). The formation of a flag with reducing volume means the stock has underlying strength. Negatives: 1. Stochastic Momentum is bearish and yet to signal a reversal. 2. Close to the trendline of polarity, a break below the line will reverse the underlying strength. Caution: Notice that M&M is strictly following Nifty in the price action and view would be negated if Nifty breaches its support. Needless to say, this view is strictly educational. Longby GF_Strategies0
M_M_ a short term long opportunityM&M looks good on chart.. it is trading near a short term trendline and can show retracement. A good RR trade can be done after retracement gets over. (for educational purpose only)Longby yourtradebuddy0
M&M: Breakdown on CardsIf it sustains below 800, then a move to 700 cant be ruled outShortby TheWizardsZone0
M&M Near Trend Line BreakoutBuy M&M Above Closing Of 865 SL - 810 Target - 940/980/1000 Longby VisibleBeer7661
M&M EQUITY levels ...19/04/2021 (D candle)😊M&M EQUITY levels ...19/04/2021 (D candle)by albnsecurities3
M & M buyTaking support at 30 WMA. And going to breakout. Engulfing the privious red candle showing high buing pressure.. Wait for the breakout. Or buying lower aroung 780 - 820 are good for going long at better price. Longby gagan78371
M&M : Creating an inverted H&S All levels are mentioned on the chart. DISC: For educational purposes only.Longby trade_opportunitiesUpdated 2
M & M - CMP: 811It has formed Double Bottom pattern on the daily chart, It has taken bottom support and revered. It has built good delivery volume here. Likely to retrace up 780 from its bottom. NSE:M_Mby AuromaUpdated 0
Mahindra & Mahindra - Thursday Trade | 15th AprStock has been pushed back at resistance zone multiple times. Lets see if its successful in breaking it this time. Good above 817 P.S. Set up fails if stock falls below 805/800 levlesLongby Novicetrader2015Updated 4
Mahindra & Mahindra good buy above 815 M&M testing its resistance multiple times. Volumes have been increasing since the 12th of April. Good buy above 815 level. Longby rajdeep4040
M_M BUYAnalysis as explained in chart. Targets as per chart. Please use strict stoploss and money management rules. Please consult your financial advisor before investing. This idea is for educational purpose only. If you support the idea, please hit 'Like' button. You can donate coins too. Happy Trading!Longby farcortex5