M_MFIN - Elliott Wave CountM_MFIN - Elliott Wave Count
M_MFIN - The Market seems undergo further decline upto 246 range.
if 246 is safe then we can expect good recovery which will give buy entry.
Please exercise caution when trading as this information is for educational purposes only.
NSE:M_MFIN1! NSE:M_MFIN BSE:M_MFIN
M_mfinanalysis
M_MFIN ( intraday levels ) Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell only Below 138.50 in intraday and Buy only above 146.50 in intraday.
Support area
Macd in daily is negative
Macd in weekly is also Negative
Rsi in daily below 40 and down tick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
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.
M&M FinStrictly for swing trade if we see a reversal in weekly time frame. Definitely not for investments as I can see no much growth in neither the company nor in the stock price much. But considerable facts are it had felt down 50% of its growth. If we find a reversal here where it already reversed once, we can go long for swing trade nothing more than that.