M & M Intraday #quickcash- Has broken support recently on 30 min chart & Moved below 50 EMA
- Coming back to re-test support & 50 EMA nearby.
- a good short candidate for intraday.
MHNDR trade ideas
#M&M cash : Looks good around 905 #M&M Cash
10.02.2021
Looks good around 905
stoploss 894
Target 924-925
Risk free above 926 for 945-960
Cmp 914
Sell Mahindra & Mahindra Below 885Short if sustains below 885 for the targets of 850, 830, and more until 911 is intact in the upside.
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InvestPro India Team
#MnM WEEKLY CHART VIEW!!#MnM WEEKLY CHART VIEW!!
Mahindra & Mahindra Ltd. The stock price made a bullish move. And technically price is facing resistance from 893.50.
Fresh breakout and closing above 900 are expected to extend bullish momentum further on the higher side.
M & M TREND ANALYSISIt looks like the traders tried to break the trend with big green candles with good volume twice but could not. feels like the same is going to happen again. what do you think?
M&M's 'wicky' price actionPrice action on the Mahindra & Mahindra (M&M) chart has been similar for the last three days. High volume in the first hour of the day followed by cooling off for the rest of day as can be seen on the 15m chart attached.
This price action has led to a top wick on the daily candle with higher volume on each day. This is also supported by Bearish Divergence on the daily RSI. It is highly possible that the bulls have been trapped and that stock may see a correction in the coming days. Watch out for a bear push downward. It looks like a good candidate to sell if the price action indicates bearish momentum.
MNM good short candidate.MNM spot cmp 820
Good resistance around 832-838,, if unable to cross this levels counter can fall to level of 797,, below 797 if sustains can fall to levels of 760..
View gets negated above 845 levels on closing basis.
660 is the Target - may be expect more. Price formed a triangle pattern and it is about to break as shown in the picture.
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Mahindra and Mahindra Trading SetupAfter some fall is available near the support levels which is a good buying area.
M&M double topNOTE: i post charts only for ideas, consult your financial advisor before following it
