M&M looks bullish#positional
M&M (CMP: 803) has broken the triangle pattern as well as retested today making it good for upside, keep trailing stop loss with swing lows
M_M trade ideas
#M&M Cash : Looks good above 800.10 - Dont miss it#M&M Cash - Dont miss it
19.05.2021
Looks good above 800.10
& dips 790-794
Stoploss 776
Target 824/848/900
Cmp 783.65
On crucial support.At very important support level.
If it breaks today, we can short upto given levels for coming trading sessions.
M&M Bullish Harami at the support Representing bullish sign.M&M Bullish Harami at the support Representing bullish sign.
Trend line was broken with the strong momentum candle and volume.
Price sustained retest for the trend line also completed.
Entry @ 804
Target 1010
Stop Loss : 730
Lets learn and earn together #4| Discuss and Ask Anything Mahindra and Mahindra amazing and tradable pattern :)
Such moves before earnings can yield you good returns :)
Good luck trading it and any issues understanding the price action or wanna add anything you want = comment me I will try to answer you :)
Happy trading guys :)
Study 7: Descending Triangle - M&MThis is Just for study purpose. M&M seems to be a descending triangle.
FY21-22 Swing Trade Idea #31: Long on M&M This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
MAHINDRA AND MAHINDRATHE STOCK HAS GIVEN A GOOD BREAK OUT AND HAS ENTERED THE TRENDING MARKET....LOOKING GOOD FOR BUY
Bullish on Mahindra & MahindraM_M had faced multiple resistance and took various supports near 735. Stock broke previous swing high which now may act as a support and it is about to give a good breakout. The pattern appearing here is like a flat bottom triangle.
Buy if it crosses 792 once again with a stop loss of 735 and target of 904.
M&M long idea - Falling Wedge breakoutIf strong finish above upper TL, can initiate a long position.
Mahindra & MahindraM&M
Cmp = 785, Tgt = 940, Sl = 762.70
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M&M swing trade ideaPrice has given a very strong breakout above the descending trend line and 50 ema with huge volume. A double bottom pattern has also been formed. MACD and stochastic RSI are signaling buy.
Mahindra and Mahindra for target of 850,950,1000Stock:
good retracement after rally
now made a W pattern which is bullish sign
average Volume also given good confirmation with big candles
Can be good pick for positional trade
Auto sector: sectors stocks have started upmove which is a good sentiment for movementum
Mahindra & Mahindra W Breakout Possibility ViewMahindra & Mahindra :
W Breakout Possibility (W) & falling wedge (FW) Breakout & Bounce (BS) from support
BIG Trend reversal in M&MM&M day chart , falling channel BO is seen with volume BO. The stock has been in falling channel right from the time it made multi year high few months ago. Stock took support at levels which its respecting since Jan 2021. Upcoming monsoon is a big trigger for trend reversal in stock. If market supports then this may trigger a trend reversal.
swing trade of M&M bullishReasons for pick up:
1. breakout channel with high volume
2. taken support from 200 EMA
3. break 50 EMA
4. auto sector bullish as nifty bullish
5. taken support previously tested levels
Target - 950
SL - below 725
