up-trend continues!...everything explained detailly in the chart....
if you have any doubts fell free to ask....
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MHNDR trade ideas
MnM short below 732Auto sector is underperforming. Among auto, MnM is having the least ROC. If it breaks multi weak support of 732, it will go for bigger correction
Mahindra & Mahindra If trendlines breaks with volume, initiate long above 825
RSI at levels of 41
Hold for targets of 861, 920
can expect 900+we can see ema crossover and the dojis formed at support as now bull run is going on can expect positive breakout and price to go above 850+ to 930
we can also see double bottom formed and now ema crossover also happend so good to take
if goes down 737 is dip1 to buy
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
What's you perception ??? - Comment Mahindra & MahindraNSE:M_M has been trading in a range/channel from the starting of the June series.
It is making drastic moves up and down sides making both the bull & bear players fearful to enter in the game.
What's going happen from now onwards ???
Who is going to win, BULL OR BEAR ?
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M_M Channel ConsolidationNotes
Been in a very tight channel consolidation since 1st of June (797-820). Could give a good move on breaking either of these levels.
Both long and short term MAs are currently converging which is further decreasing the range of movement within the channel.
Volumes are also declining during the consolidation.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
MAHINDRA and MAHINDRA (M&M) Trading SetupAfter getting rejected near the POC of previous downtrend, now looking to move up again to 900 levels.
M_M LongDecisive break above 815 , stock might make a move towards 835/845/+ .
Setup void if prices moves below 794
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
M_M - For BuyHolding above all MA's
Accumulation Phase is ON
Buy abv 818/820 on breakout with High Volumes
Tgts 860/920
Mahindra and Mahindra at an important levelM&M at an important level. Track Auto Sector; with Relaxation in Covid norms; there is a definite upside in the medium term.
Mahindra and Mahindra M&M getting into distribution mode.. if closes below 795.. can move between 770 and 800.. once this distribution will over u see momentum with vol and it will go above 825.. wait for the fresh position and if holding it.. 795 and 770 are your supports.. keep position as per your risk appetite
