M&M : Creating an inverted H&S All levels are mentioned on the chart.
DISC: For educational purposes only.
MAHMF trade ideas
M & M - CMP: 811It has formed Double Bottom pattern on the daily chart, It has taken bottom support and revered. It has built good delivery volume here. Likely to retrace up 780 from its bottom. NSE:M_M
Mahindra & Mahindra - Thursday Trade | 15th AprStock has been pushed back at resistance zone multiple times. Lets see if its successful in breaking it this time.
Good above 817
P.S. Set up fails if stock falls below 805/800 levles
Mahindra & Mahindra good buy above 815
M&M testing its resistance multiple times.
Volumes have been increasing since the 12th of April.
Good buy above 815 level.
M_M BUYAnalysis as explained in chart.
Targets as per chart.
Please use strict stoploss and money management rules.
Please consult your financial advisor before investing.
This idea is for educational purpose only.
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Happy Trading!
M_M :: Perfect buy at this levelIn the daily chart, M&M continuously making Higher High and Lower Low. And it is exactly bounced back from the trend line. Long M&M for the target of 1000.
M_M Long - Bounce from support* M_M at an important support level
* CNX Auto at a support level
* Nifty is bullish
M_M Breakdown ViewM_M ::
Looks Weak
Descending Triangle (DT) Breakdown Done
ReTest (RT) and Breakdown
& now Flag Pole (FP) Breakdown Possibility
Taking Support near supply ZoneM&M taken support on the previous supply zone. As it is testing the zone first time, chances are it can bounce back
M_M AT THE SUPPLY ZONEM_M AT THE RESISTANCE OF 810 IF THAT BREAKS WITHS RSI CROSSING 60 THEN WE CAN EXPECT THE STOCK GIVE A GOOD RALLY OF 2% BUT RSI HAS GOT SEVERAL REJECTIONS AT 60 SO TO BE CAREFUL AND ONLY ENTER IF 60 LEVEL AT THE RSI IS BROKEN OR ELSE CAN ALSO SHORT AT THE RESISTANCE
BUY ABOVE -813 TARGET1-825 TARGET 2-830
SELL BELOW 805 TARGET 790
M_M Descending Triangle breakdown ViewM_M ::
Looks Weak
Descending Triangle Breakdown possibility
Short below 780.5 with SL 785
INTRADAY If sustain above 805 then price move to 813/820/830+++
if sustain below 783 then price move to 775/765/755+++
Study 2: Symmetrical Triangle - M&MThis is Just for study purpose. M&M seems to be forming a Symmetrical triangle(Pattern - WEAK, Confident - LOW). Based on breakout, it can be a LONG position or SHORT position.
Mahindra and Mahindra: 1Yr TL BD + Recent Swing Low Broken The scrip has broken its recent swing low for the first time after COVID and and the same time, it also has broken the 1Yr TL that it has been pampering till now. It's a feast to SHORT now!
MNM good short candidate.MNM spot cmp 825
Counter have given breakdown from symmetrical triangle formation.
Rsi is giving early indication of weak ness in counter,,
Counter is trading in range from long time..
Now in verge to breakdown,,,
Stiff resistance can be seen in range 528-537
view gets negated above 542 on hourly closing basis
Down side small support confluence around 794-790 levels
Below this levels 755-730-710 possible
Positional view..
Good short candidate...
M_M is at critical point - Be CarefulNO Buy signal - Don't be greedy..
Can go up or A Downtrend might start
Heavy Selling PRESSURE
