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MAHINDRA & MAHINDRA LTDMAHINDRA & MAHINDRA LTDMAHINDRA & MAHINDRA LTD

MAHINDRA & MAHINDRA LTD

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M_M trade ideas

Mahindra & Mahindra_long way to go !! THREAD ON MAHINDRA & MAHINDRA We are on the Weekly TF of Mahindra & Mahindra-- We have done the counting since the origin as per Elliott Wave rules. Wave(1)of 1 completed@ 417/- Wave(2)of 1 got completed in form of simple correction@312/- wave (3) of 1 got completed in the form of normal wave 3 & got completed@ 717/- Wave(4) of 1 got completed as a complex correction and got terminated @ 561/- approx. now after the completion of entire cycle @ 994/- entire structure got retraced in form of WAVE 2 (corona low) @212. Marking for cycle wave -1 & 2 got done in shared chart. I have also shared the projections for wave (3) in Red & projections for wave 5 in Blue (Fib calculations) Now, Its time for wave 3 to unfold (enormous wealth creator): Numbering is shared in another screen shot below : As per the calculation wave 1(3) has been completed 949 & wave 1(3) got completed @677. Now we are in wave 3(3)...unfolding ..... complete chart
NSE:M_MLong
by ShubhamKatiyar
1
M & M Positional View !!M&M : cmp : 1072.5 A inverse H & S kind of pattern had been formed in daily chart and BO done near 940-960 level. After that made a high of 1062 level and retraced upto BO level. Now trading near the breakout zone of 1070-1080 . If it surpasses and sustains above the level a buying movement could be possible in the near term. Closed above prvious high. RSI & MFI trending up. Buy on dips. Accumulation zone : 1000-1040 Profit booking zone may be : 1120 - 1200 SL According to your risk appetite. Positionally can move 1260+ July Future / July 1100CE can be look after. Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally
NSE:M_MLong
by MyKEYtoSENSEX
M&M Key results updateM&M Revenue: 66.7% Up YoY at 1,96,126. 14.5% up QoQ EBIDTA: 43.5% up YoY at 23,410. 20.3% up QoQ PBT: 58.3% up YoY at 17,882. 13.7% up QoQ EPS Stands 12.2 Vs 7.2 YoY Key updates *Segmental revenue* Automotive: 12,741Cr vs 6,317Cr. Amid strong back to back hits (Thar, Xuv 700) Farm equipment: 8,428Cr vs 7,189Cr Amid strong Rabi harvesting and good monsoon Financial services: 2,877Cr vs 2530Cr YoY. Asset quality focus continues … Disbursements on rise *Increase in Digital penetration* 72% of the first 25k Scorpio-N booked online Strong Demand and Booking Pipeline: 140k+ Open Bookings (excl Scorpio-N) *Market Share gain: 0.9% in Farm equipments* *#1 in SUV Revenue Market Share* *Total booking value* of Rs.18,000 crs* Technicals - Any retracement as of result of profit booking is a buy on dips for the levels of 1450+ Disclaimer We are in process of SEBI Registration. Hence, please consult your Financial advisor before investing. NISM Number: 202000089934
NSE:M_MLong
by CA_Chetanbhasin
1