MAHINDRA &MAHINDRA NSE:​M_M

Price trade to form 2-TOP pattern Buy above 978 for target of 985 , 990 ,995 with Sl of day low

Levels mentioned in charts..

Buy when it breaks PDH with stop loss at 956. If it gaps, follow ORB

ON M&M CHART YOU CAN SEE ITS BEEN IN A STRONG UPTRENDING CHANNEL FOR A WHILE NOW WE HAVE BROKEN OUT OF IT AND ITS CLEAR THAT THE TREND WILL REVERSE BUT BEFORE ENTERING WE NEED TO BREAK THE 981 ZONE AND CLOSE BELOW IT

Check the chart. It can touch 920

M&M

06-09-2018 Buy from 935, SL 925, Target 945-950

See the chart

MM HAS BEEN IS A CHANNEL FOR A WHILE IT NEEDS TO REJECT THE ZONE AND THE CHANNEL TRENDLINE SO WE CAN GO LONG BUT IF IT FAILS WE CAN GO SHORT ON THE BREAKOUT TO THE DOWNSIDE

.

Entered on 07 Aug 18 on 943.4 with a stop loss at 910.05 TSL - update on 9 Aug 18 from 910.05 to 924 TSL - update on 17 Aug 18 from 924 to 944 TSL - update on 24 Aug 18 from 944 to 954.3 Current Trailing Stop loss = 954.3 In case of hitting stop loss confirmed profit of 10.9 points.

M&M

MM has given long term trendline breakout and it is taking support above trendline so expecting the price of this stock arround 1020-1100 in coming days

Entered on 10 Aug 18 on 944 with a stop loss at 924 TSL update on 17 Aug 18 from 924 to 944 TSL will be updated as higher lows are formed Current Trailing Stop loss = 944 In case of hitting stop loss no profit/loss trade

testing shorts

Triangle breakout, buy for target of 1000, SL 925

NSE:M_M is moving nicely to minimum of 1000 level. Government's push for rural economy can give even more momentum to this.

(only for tracking)