M&M breakout triangle patternThe formation of the descending triangle and its break upside we can take a long position
M_M trade ideas
STRONG BUYING ANALYSIS M&M hey guys in this video i have shown a very good buying trade, make sure to watch it full.
M_M Ready for Ballistic Up Move #M_M
Descending Triangle Breakout with good volumes.
W Pattern/Double Bottom
Support 730/740
M&M breakoutTrendline Breakout from Support
RSI divergence
Good volumens
We can expect good move upside.
M&M SPOT SWING VIEWM&M SPOT STRONG RESISTANCE ZONE @710-30. If Breakout Resistance Zone and hold then go Long for Levels - 811/899/979.
VIEW NEGATED BELOW - 689 (DCB).
M_M SWING TRADEM_M is given a breakout from the flag pattern with a good volume. Expecting a 1:2 risk-reward.
20 % in 2 or 3 weeks.Having good chances to go up for intraday and to hit target one , in 2 or 3 weeks go for 20%. yesterday BUy above today 1d candle for intraday.
Piercing pattern with confirmationWe can see piercing pattern confirmation today with good volume. If it opens tomorrow with good volume and higher price, we can see upside.
M&M is forming W pattern & tripple bottomM&M good W pattern formation on RSI .
Bullish divergenece with tripple bottom formation
levels to watch
748+ can trigger long to reach 770 level intraday
sl 743
mahindra & mahindraview given before for sell , clearly one can see new high is made + sell SL trigger, one should go long with sl 740
#M&M cash : Looks good in delivery @ 750-755#M&M Cash
17.05.2021
Accumulate in delivery @ 750-755
till 720
for 840/900 in 3 months
(Strong support 720-725)
Cmp 753.55
Cmp 753
Mahindra & Mahindra (Triangle Pattern or Cyclic Double Bottom)Scenario 1: ( Triangle Pattern )
If M_M Price forms Descending Triangle pattern. Then is a Chance for Break out @ down side, If So
Then the Entry Price Should be730
1st Target is 681.25
2nd Target is 663
Stop loss is 742
Scenario 2: (Cyclic Double bottom )
If The price Breaks above 781
Then the entry price is 781 after retesting the Zone from 798.
Target is 823
Stop loss is 766
MAHINDRA & MAHINDRA 1(D) CANDLE TRIANGLE PATTERNM&M 1day candle
Swing low
Triangle pattern
Minimum Stop loss
Trading is probility
WATCHOUT FOR BREAKING OF NECKLINE SUPPORT HEAD AND SHOULDER PATALL ANALYSIS HAS BEEN GIVEN IN THE CHART ITSELF STOCK IS BOUNCING BACK FROM THE SAME SUPPORT SEVERAL TIMES .HENCE TRADES CAN BE TAKEN BELOW THE SUGGESTED NECKLINE LEVEL WITH A STOP LOSS OF AROUND 757.5. FEEL FREE TO MESSAGE ME IF ANY CONFUSIONS OR DOUBT ARISE.
#M&M Falling wedgeIt has formed a falling wedge which is re-testing the trend line exactly at 61.8 FIB level. A breakout will result in an uptrend for the next few weeks.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good Luck.
