Inverted H&S on M&M neckline breakout.Inverted H&S on M&M on 15 minutes Chart
Neckline breakout occured
M_M trade ideas
Mahindra and Mahindra Intrday Mahindra and Mahindra Intrday
Today M&M made low to the support level one and made a pull back breakup if its sustain to that level its but see the details i mentioned in the chart for trade plan
Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
Read the charts like a pro...#M&M 1hour chartthis is just to show you all that how we could read the chart like a professional trader with the help of using price action....
M_M seems to be good support at 738 .i will take long position @ 378.4.
let price come to us . one should not run behind to catch. if missed next will come . said by my Guru Ji NK
#M&M Swing Trade Setup || Price is GODDon't use any indicator, just see the price and take the action, called as PRICE ACTION.
Learn price action and see the power of price.
My Trade:
Entry: 710
SL: 650
Target: 800
This is Swing Trade, NOT INTRADAY
Regards,
Rathrola
Trade setup for M&M for 28 Dec 2020
713 price level is to be watched out for todays trade setup. If the opening hold up this level then we can expect it reach out for 730 levels where maximum open interest exists.
If it fails to hold 713 then we can expect 700 levels as shorting opportunity.
M&M Head & Shoulder Pattern-BuyDisclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
MNM good short candidate.MNM spot CMP 710.
ELLIOT WAVE STUDY.
Counter have completed it impulse phase of upmove and currently trading in corrective phase ,, if running wave is B of corrective phase,, it can retrace to levels of 61.8% to78.6% of wave A , price wise which is around 730 to 750 levels.
If wave C unfolds from this levels good fall in price can be seen which can lead counter to levels of 640 and 585 also.
Price action if observed , lot of distribution took place in range 730 to 765 levels . around 4-5 doji candle seen around peak price and a breakdown from that zone which confirms distribution in that range.
RSI :- RSI have given breakdown from support of rising trendline and at the moment its retesting breakdown levels,, if it further continue its down trend it can fall to levels of 30 and 20 also,, accordingly fall in price can be seen..
Good short candidate on rise..
Intraday setup on Mahindra and Mahindra for 18/12 if m&m break this pattern on the upside you van make the long position
BUY- 732.60
SL: 723.50
TARGET: 746.00
VIEW ON NIFTY BANKNIFTY AND 3 STOCK HINDPETRO MNM L&T FIN
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
M&M "TWEEZER TOP" FOUND - GAME OVER ???Sell At Cmp 727.55 Or On Rise, Strict SL - 770 (WCB)
Target - 650/635/620
