M&M up ,up and Up..!!!The stock is currently at 1362; and also on verge of triangle break-out. This stock can easily zoom towards new highs im expecting 1450/1480/1500 levels with stop placed at 1325
Trade ideas
Mahindra & Mahindra Flag Breakout It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead.
Target: 1250
Stoploss: 1200
M&M Turning Positive It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance.
Target: 1205
Stoploss: 1150
Risk Reward: 2:1
M&M closing on long term supportsif these long term trendlines hold this sleeping giant could be a good portfolio buy long term
Mahindra Mahindra Breaking Out 1350 Support LevelsIt is been observed that the price action is breaking out from the 1350 support levels on daily chart, indicating further weakness ahead. It shall now go further down to next support levels at 1312.
Target: 1312
Stoploss: 1385
Mahindra ranging in Symmetrical Triangle of Wave 4It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
Mahindra Failing To Make New High, Downside Breakout ConfirmedIt is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that indicates that the price action shall move to the downside direction.
Target: 1400
Stoploss: 1469
Mahindra & Mahindra Breaks out of Consolidation Mahindra breaks out of a good consolidated range on hourly. Looking forward for a close above 1488 to confirm a daily breakout of the range.
