MHNDR trade ideas
Mahindra and Mahindra- Bullish~RS and RSI is strong.
~Taking support on monthly candles.
~Sector is bullish.
~Chart is in strong uptrend.
M_MNSE:M_M
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
M&M Chart Looks Bullish by Indicators also- 5 EMA Crossing 8 and 13 EMA
- MACD Line Crossing Signal Line
- RSI Trending UP
M&M Chart Looks Bullish- Head & Shoulder pattern failed (Bullish Sign)
- Formation of a falling wedge pattern
Support and resistance levels marked in Charts
M&M M&M has formed a Head and shoulder pattern on top and its neckline is forming at 1217. A close below these levels might gave more immediate downside till 1120 levels. Also a break of long term trendline already broken shows some weakness at higher levels.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Bearish Chart Pattern.Head Shoulder pattern formed.\
Stay cautious if you are long.
Global sentiment also negative.
M&M Perfect Head & shoulder, breakdown 1129 on cards?After testing the demand zone couple of times & based on weak price action and RS, it looks highly NSE:M_M unlikely that it will go up, on the breach of 1229, I would be expecting 1120 thick and fast.
Head and Shoulder formation on daily timeframe.M&M is in showing formation of H&S formation on daily timeframe.
Target on lower side is 1150.
head and shoulder + RSI divergence in M&Mbeautiful pattern in mahindra &mahindra chart
short opportunity
waiting for high volumes and breakout of nickline
NSE:M_M
M&M on a HnS Pattern, Confirmation of reversal !!!On 14th I had shared an idea that up side move on M&M is about to complete and we may see some downside move in this scrip.
The scrip tried to move up but failed to hold at higher level and now its formed an HnS and can be entered on breakdown.
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
M&M Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Auto Sector turned into Corrective WaveM&M is biggest weitage stock in NiftyAuto. It has broken Daily Trend. Could be sign of reversal with supply demand balance resolving with strong down move.
Short M&M to get target of 1090-1100 within 3 MonthsAccording to the chart pattern it is possible it will downgrade down to 1080-1100 within 3 months or less sessions.
M&M - Reverse Flag ? NSE:M_M
Reverse Flag pattern breakout given for sell side
Sell with Stoploss - 1280
Target - 1215, 1185, 1168
M&M - Trading at supply zone ? NSE:M_M
Mahindra & Mahindra facing trend resistance in the monthly time frame, which would be seen as great shorting opportunity for the short period
Chart indication - Sell
Stoploss - 1340
Target - 1230, 1195, 1080
M&M - reversal/correction As shown on the chart, an evening star pattern is formed on WTF with good volume.
Targets are as mentioned on the chart.
This is my view and for educational purposes only
Let me know your thoughts in the comments section below
M&MAuto Stock are on move having high relative strength vis a vis nifty 50. M&M and TVS being the strongest of all one can go long on M&M as Ath Breakout with SL of swing low
All though the best entry was at 950 960 zone
Focus on M&MM&M was travelling in a uptrend channel and closed above the channel support line
Go long if opens and sustains above 1250 for the targets given.
On a contrary, if it break the channel support line, then plan for shorting opportunities.
Note: Nifty Auto broke minor trend support and closed on price engaging line.
Keep an eye on Auto sector behavior on monday before taking a trade.
MAHINDRA AND MAHINDRA LTDMAHINDRA AND MAHINDRA LTD GOOD FOR SWING TRADING
This stock support at trendline and movingaverage44
buy 1270
sp 1190
1 target 1340
2 target 1400
