MAHMF trade ideas
Triangle Breakout Happend ✌✌This scrips form a triangle Pattern and breakout Happened and ready to fly... So keep on your Radar and enjoy the profit.
M_M 1D TF M_M reported a combined net profit of Rs 163 crore for the quarter ended March (Q4 FY21).
As per Technicals, The stock seems to be stalling at 0.5 Fib resistance.
Once it breaks out from the resistance, 900+ can be anticipated.
Furthermore, a bearish harmonic pattern stands in the way which might hinder the Up-trend.
MAHINDRA & MAHINDRA FALLING WEDGE MAHINDRA & MAHINDRA already gives a breakout from falling wedge which indicates a strong momentum towards upside ....../////
Mahindra has given a clear break outMahindra has given a clear breakout with retracement.
Watch out for potential upside.
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M&M - Bullish Descending channel breakout Friday's big spike in M&M seems to be confirmation of the Descending channel breakout which occurred few days back. However we could see a huge Call Writing at 850 strike prices and open interest has increased by 4x, which could act as Resistance. If breaks 850 decisively, then short term target of 900 is achievable. Company's operating results are strong on the back of significant growth in tractor business.
Disclaimer : Above view is only for educational purpose
Mahindra and MahindraM_M - Cmp 797.70
Looks good for long with 730 sl on closing basis.
Reason:
1. Breaking out from the downward trendline with good volumes.
M&M - SHORT TO MEDIUM TERM INVESTMENT TRADEcan start accumulating from 820-810 zone
expected target is 900
Mahindra and Mahindra Consolidating within a strong range Date: 25-May-21
NSE:M_M
Pro's:
-Consolidating within the top band
-Likely to target 912-950 range soon, if continues to sustain above 800
-Expect a range bound move within the range 695/730 to 870/950 for the next 8-12 weeks
Cons:
-F&O Stock, likely slow mover
-Sustaining Below 695, may most likely take it to 570-595 range
breaking out of compressing channelMahindra and Mahindra chart showing a breakout of falling channel on upper trendline. targets could be next level of resistances as shown on charts.
long on M&M with 10,20 crossoverchannel breakout with 10,20 crossover and it will surely go up with nifty
M_M Technical Analysis with targets and stoploss.Mahindra & Mahindra broke its falling chain and has come out of it strong ,it can be a good buy at the current level and we can expect the targets of 838, 914 and 975 as mentioned in the chart where green lines represent target and red horizontal line shows the stoploss, however if it succeeds in hitting the target 1 and 2 then it will be back to its uptrend and we can see some more upmove in the medium term.
M_M Dark Cloud CoverNSE:M_M has formed a dark cloud cover.
Even the RSI is High.
I expect a small correction to occur.
Mahindra & Mahindra - Failed BO or Upswing ?Stock has been testing the long time S&R zone and in last 2 sessions has bounced from it with good volumes after making triple bottom.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute candle closes below 788 with good volume then can target 775,770 levels
SWING - Daily candle close above 805 can easily give targets of 830, 838 in coming days.
P.S. Opening of stock is important, keep the levels in mind.
