Enter after the breakout - M&M Can accumulate up to the trendline and keep SL below it. Target will be 900 to 905. Can start trailing from 845.
M_M
M_M breaking up from a descending triangleM_M gap up breakout from a descending triangle pattern.
Descending triangle pattern with gapup breakout has a high success rate.
also moving above the POC and cloud.
SL - 770.. in case it enters the triangle again
M_M towards 900- 930 levelsI have been covering M_M since 750 levels, and it is still looks positive on all the time frames.
There is a probability of Bat Pattern on the Daily Chart, and sustaining 830-840 levels, it would most likely be moving towards 900-930 levels in the coming trading sessions
M_M might move towards 900 levelsMahindra and Mahindra saw remarkable moves in the last few weeks.
800 was the level, that the stock was resisting for many months, last month stock finally broke above and also managed to close above this level.
Currently, it is trading at 827 levels.
Now 800 level would act as good support, if any dips come, currently which looks unlikely, but yea, sustaining above 800, stock mostly be moving towards 860 - 900 - 950 levels in the coming weeks.
M_M might move towards 800 levelsDaily Chart - Stock is mostly sideways on the daily chart.
Hourly - Stock had lower low, lower high structure, though recently the length of downswings are getting smaller and stock also went above previous high, and it looks like it is started to create a higher high structure.
Hence sustaining 748- 745 levels, it can move towards 800 in the coming week.
M_M Long Side OpportunityM_M Long Side Opportunity.
Bullish pattern breakout we can enter here with small SL
LONG ON M_MMahindra and Mahindra is consolidating for a long time in a downward wedge pattern. After getting good support and facing good resistance, it has finally boken the resistance with a good volume. If you analyse it on a hourly time frame, you will definitely observe an inverse h&s pattern is broken. The 15mins TF also looks bullish. It's a good swing.
POSITIOAL LONG VIEW #M&M BO RE - TEST LEVLS 805POSITIOAL LONG VIEW #M&M BO RE - TEST LEVLS 805
BUY M&M FUTURE RANGE 805 -808
STOP LOSS BELOW 777 CLBS
TARGET 820 820 840 860 880 +++
Bearish price channel breakout of Mahindra &Mahindra (M_M)This breakout is based on a one day time frame basis. This stock is on uptrend making higher highs and higher lows, its last high was on 8th February 2021 after which it started forming bearish price channel and retested its previous deep retracement zone forming double bottom meanwhile 200 MA was also in the same retracement zone. Then came the breakout of the price channel and current price is above 20,50,200 MA.
Flag Breakout - M&M (819) Heading to 1050+ Flag Breakout - M&M (819) Heading to 1050 in short to mid term
T1 - 990 (ROI 21%)
T2 - 1050 (ROI 28%)
Please do research and take advice from your financial advisor before investing
M_M Ready for a Breakout!!Mahindra and Mahindra is ready for a breakout. Mahindra is following this pattern for 110 days so this break out will give us a great return.
Nifty Auto indexViewNifty auto already given break out . Now Nifty Auto have a open space for upmove until 11122. So Buy auto stocks on dip simple!
Long on M_M ; Buy at 670 ; Target- 800 : SL- 580 M_M gave a range breakout with a bullish daily candle. Will go beyond 800 if considered for long term investment.
M&M - Cypher in PlaceM&M daily chart has formed a cypher pattern suggesting good support area - 590-580 levels.
Holding these support levels can bring back rally in the stock again.
