M_M Bearish Divergence!!!The Price perfectly respecting the ascending parallel channel. Monthly chart showing 4 bar RSI Bearish Divergence as well as weekly chart also showing bearish divergence between price & its RSI momentum. Good opportunity to sell here as price also trading near all time high price.My target will be 1328---1267 & 1228 in coming day's.
Mahindraandmahindra
M&M LONG TRADE (INTRADAY DEC 12)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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M&M
Daily : Stock is in uptrend.
15 min : It has broken Descending triangle and IT has currently also given breakout of Descending Trendline.
*Wait for opportunity at retest level and we could see an upside movement.
THANK YOU !!!!
Will Mahindra & Mahindra keep the uptrend?In the analysis of this stock we have noticed the format of two curves from September 2018 to February 2021 and from February 2021 to October 2021.
Until this period, we have a resistance at 956, and we have a huge drop of the stock due to the COVID phase but it was consolidated.
Then from March 2022 we notice a huge bullish trend, so to verify whether this will follow or not, we drew two trend lines and we opted for the Fibonacci Extensions in order to see at what point should we exit the trend.
What we can expect is that the price will reach the line at 1308 then will drop to follow the trend line and continues the raise