Triangle Pattern waiting for BreakoutMahindra and Mahindra moving under weekly Triangle pattern once its break will see good move.
M_M trade ideas
Mahindra and mahindra is at support730 is a crucial support for this stock keep an alert on this level
range has squeeze big brekout happen m_m tringle brekout possible watch this
range has sqeeze big brekout posssible
M&MM&M Possible Descending Triangle B/O. Volumes Decreasing previously during red candle. Formation of Doji - which might confirm today.
Mahindra_MahindraMahindra_Mahindra. Bear Trend Started so i am Expected more Bearish movement.(Sell =750) (Stop Loss =785) (Target= 731, 717,700,667)
M&Mtoo much compression, I think it's going to move upwards, refer chart for entry exit and Sl levels
M and M at its supportcan move up from its support.
If it goes below support zone can go down to the given support level on chart.
Follow the levels given on chart.
M&M Supply got completedM&M got receive enough supply and start the up trend. Will reach Rs.800 before September expiry.
Mahindra & Mahindra NSE Short term viewMahindra and Mahindra formed a double top pattern and waiting to bounce back if the market favours it. Also a good idea to add this stock in long term portfolio
#M_M at good demand zone M_M is consolidating at important zone which is also a good support
a good risk to reward trade can be initiated here with 4-5% risk and 15-20% reward as target 1 and 2
risk taker can initiate the trade here but safe traders wait for a green candle and volume but this will effect your risk to reward ratio
this is not a trade recommendation
Happy Trading.
#Mahindraandmahindranow is working on resistance level, just wait for break 766 level with high volume.
#MnM #M&M - Next after Maruti#MnM #M&M - @ CMP 763 looking good till 793 as of yet, just long as it can stay above 750.
MAHINDRA & MAHINDRA IS IN TIGHT CONSILADATION (ANALYSIS OF M&M)A breakout from a consolidation pattern signals a victory by either buyers or sellers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level, or selling short and covering long when prices drop below support. More conservative traders look for some confirmation before entering these trades, either through analytical tools or continued price action.
Consolidation Strategies
It is common for a support level to become the new resistance point after a bearish breakout and for a resistance level to form support after a bullish breakout. Sometimes consolidations show triangle or pennant patterns, making it possible to execute continuation strategies.
Before determining how to trade a consolidation, identify how long the pattern has held. There are no appreciable time restraints on a consolidation. Intraday consolidation can last for only a few minutes or hours. If you look for active intraday trading, consult technical analysis software for dynamic information updates. Some consolidation patterns last for days, weeks, or even months or years. These patterns are susceptible to false breakouts, making it important to seek confirmation of prices before looking to capitalize on a trend.
Countertraders and contrarians can still trade on narrowly consolidated stocks, but there is often less room for profit due to the small range.
Triangle pattern in M&MM&M can be traded after successful breakout in upside above 800 and downside below 725.
M&MFor tomorrow i will sell m&m
at Entry - 746 (when it trade that price arleast 5-10 min)
Target - 741
Stop loss - 751
M&M: Low Risk Setup for swingStock near strong support.
Limited risk but can give handsome gains in short term.
M&M Swing Trade Idea#M_M : Swing buy between 764-765 with SL below 757 for targets of 775, 785 and 792 as targets. #Swing #Positional
