M&M making the topMahindra and Mahindra motors is almost making the head and shoulders pattern.
let see how it develops
M_M
wait for clear direction, in swing easily we can make 14% to 17%whenever price came to this blue line, price gave minimal 14 ot 17% return.
Mahindra and Mahindra Long Trade SetupPrice above daily resistance
Buy : 515 - 530
Stop : 470
Target : 550 , 600 , 650
M_M Resistance around 505M_M Resistance around 505
Can you think This Resistance (505) break?
Comment Your Review
M_M - Enters into multi - time frame resistance zoneM_M - Enters into multi - time frame resistance zone
M_M Near Important Trend LineM&M is Near An Important Trend Line Resistance, Prices Can Either Bounce Back Towards The Downside From Here or Breakout Above It.
If an Upside Breakout Does Happens Then The Minimum Expected Upside Level Would Be 700 According To Classical Technical Analysis Rules.
M&M - Bullish above 503 & 200 Day MANSE:M_M crossed 200 day moving average after a long time. It is bullish till the time it stays above 503.
M_M Elliote wave setup in weekly time frame !Hey hello brother my self Ravindra,
You will find me on my bio
If you are Know litle bit aboute elliote wave you will get my point that what i want to say in chart, Dont worry if you still dont understand !
We have completed our impulisve wave Have (1+2+3+4+5)and now shifted toward corrective wave(A,B and C),
You will get 3 rd extensive wave at fib level 0.318 @ 500, When you will extened wave 1 to 3 you will get wave 5 th at fib 0.618 which is last impulsive wave done @ 240 And now we Are shifting to Corrective wave A we will get litle bit correction from Corrective Wave A toward 400, Show if you finding an opportunity to short you can short below 460 for target toward 440-420-400 Then close your postion. We can see Mahindra and mahindra 600-700 level bt according to elliote wave principle needs to done wave B first .
Thanks Hope you will Like my analysis You will get many succesfull trade just look toward my past analyisis
M&M MULTI Time Frame Analysis .Flag Pattern In Daily Chart .
Price Rejection Candle ( Hammer , In 1Day Chart )
Retraced 0.5 Fib From Bottom .
75 MIN
Twizzer Bottom Pattern
Buy Initiate Above 338.5
Manage Your Risk Reward According to your Risk Appetite .
Trade idea for M_M or Mahindra&Mahiindra
Made DB here with increase in volume the price surged, a good RR trade if it plays out.
expecting it to move like this, lets see
