MMMM correction is possibly done and last wave up should be pending. any correction on counts are welcome to learn ew counting process
M_M trade ideas
VIEW ON M&MStock in an uptrend
Around all time high
Target 1670
Stop loss 1550
I am just representing my view
For educational purpose only.
Head and shoulder pattern break out in M&M.Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern.
The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout.
Sector and stock both has closed near the ATH. There is a much chance of carrying on with the break out and hitting 1.618 and 2.618 Fibonacci levels.
Auto sector has also move more than 1.5% which also helps in carrying a bullish trade in this stock.
In the second half of the trading session the stock has consolidated on the higher levels and closed just around it.
3 point confirmation.
1. Break out of Inverted H&S pattern.
2. Retested before giving a breakout.
3. Auto sector also forming ATH.
Target:- 1628, 1700
Stop Loss :- Close below 1575 (hourly candle).
Stock can be bought for the targets. Even swing and positional trades can be carried in the september series.
Wait for the price action near the levels before entering the market.
#M&M Cash : Looks good above 1600.10#Mahindra & Mahindra cash -Positional
30.08.2023
Looks good above 1600.10
Stoplosss 1550
Tgt 1680/1740/1800
Cmp 1583.20
DOUBLE TOP CANDIDATE : M_MDouble top has been formed on Mahindra & Mahindra at the top of the structure what i'm expecting is a pull back to 1400.
SELL M&M@1531.5 TGT@1516.2 SL@1547.30REASON :
1. Formed bearish harami
2. closed below vwap & SMA
3. MACD is in red
BUY M&M@1547 SL@1541 TGT@1559Dear Friends,
sorry for late update...
Now m&m in intraday buy mode
Reason :
1. closed abv vwap and rested
2. macd in green
M & M Short CMP 1552 Target 1500- 1450- 1400- 1350- 1300+1200-M & M Short CMP 1552
Target 1500- 1450- 1400- 1350- 1300+1200-1175+
time duration 4-6 months.
Can buy PE of Next Expiry.
Long can book the Profits and Buy @ demand zone
Mahindra & Mahindra trend line support and 50 moving average support helped now.
My trade dont follw my personal trade.
Before any trade plz consult your financial advisor
MAHINDRA & MAHINDRA September expiry 1600 call option show magic.
Its my personal trade.
(Before trade plz consult your financial advisor)
M&M To Rock From Here ......
M&M is also relatively outperforming Nifty Auto and Nifty 50.
Above 1580 it will be in uncharted zones.
Mahindra & Mahindra - Strong numbers & Good guidanceOn the back of good numbers and the future looking bright esp in the car segment..the company got hit for buying RBL bank but i think if they buy a bank also its a good thing..
Along above 1500 with a SL below 1440.
The gap could get filled soon and the stock could get to new highs..
Monday if markets are weak and m&m opens on a dip it could be a buy the dip...
Sell short termDouble top, dividend registered- now expecting a quick pull back before the next leg starts.
Mahindra & Mahindra Sell Futures @ 1526
Now the Mahindra and Mahindra is Looking for minor support levels as discuss below as targets.
Initially The support levels to be seen further are
1501
1485
1466
Also follow the stoploss for the trade is near 1543.75
Expect this support levels for 2- 5 dayss
Follow my ideas, also advice me as I may be wrong too. On your comments I can learn something better. Waiting for aforesaid levels and your comments
Thank you
M& M HARMONIC PATTERN ABCD WITH TGT 1870 BUY ON DIPSM& M HARMONIC PATTERN ABCD WITH TGT 1870 BUY ON DIPS , More over it is at Pure GFS set up
m&m buyBuy from cmp to 1530
sl close below 1526
easy tg - 1550
tg2 - 1567
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Mahindra & Mahindra - ConsolidationM&M after a long time for bullish performance has now performed a retracement from fibonacci level around 1600 and has formed bearish engulfing candlestick pattern, so one can look for selling opportunities.
PS - THIS IS JUST FOR EDUCTAIONAL PURPOSE AND TRADE ON YOUR OWN RISK WITH CONSULT OF YOUR FINANCIAL ADVISOR
m&m buy for a bounceBuy from cmp to 1437
easy tg 1458
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Buy Opportunity in M_MPlease refer the image for details:
Please refer the Chart for SL and TARGETS.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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[1H] M_M Mahindra &Mahindra SELL1. Chart clearly shows Support and Resistance Zone.
2. It takes two supports and one resistance with confirmation.
3. The confirmation candles is Bearish Engulfing candlesticks.
4. Trend is actually going down.
5. Pure Price Action with naked chart.
6. Stop Loss and Take Profit clearly mentioned in the chart.
M & M bullish patternMahindra and Mahindra looking bullish with this pattern and will be hit target soon
