How we gained 39% in Gujarat alkali and 15% in Mahindra Ltd?Both stocks have similar patterns so we used daily chart to make an entry and keep holding until we hit both targets.
Ichomoku cloud break out
TK cross over
MACD bullish cross over
RSI>60
ADX>25
DI+>DI-
Gujarat Alkali BUY 608 SL 588 TGT 670/850
Mahindra Ltd. BUY 819 SL 798 TGT 850/880
Mahindraandmahindra
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.
Swing Trade in Mahindra & Mahindra ?NSE:M_M
By observing the chart you may have obviously got the idea. There is a high possibility that 50EMA & 200EMA are going to cross soon and the stock is been trading on support so there is a less risk.
CMP: 752.5 SL: 700-703
Target: 875( Depends on your risk appetite you can desire for 52week high as well, as a target which is 930-955)
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The above brief was just an Idea I suggest to whoever reading this do his own research and invest. Thank You.
M&M BULLISH PENNANT PATTERNHello
Welcome to this analysis about M&M, we are looking at daily timeframe perspectives. M&M in recent times heavily decreased with bearishness however it now moved into an oversold condition. M&M is developing here that will be a decisive factor in the upcoming times. I discovered the main formation M&M is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how M&M has emerged with this key M&M BULLISH PENNANT PATTERN marked in my chart with the black boundaries. M&M is near support region which is an important support and also psychological support-mark together with the lower-boundary of the M&M S BULLISH PENNANT PATTERN a pullback
In this manner, thank you for watching my update-analysis about M&M and its major M&M BULLISH PENNANT PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
M&M Breakout TradeThe stock has broken out and retested the upper trendline and looks to undergo a rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple support zones, 200 EMA, Lower Trendline. The target is placed based on fundamentals.
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.
Taking breakout from a ascending trianglePrice trying to leap the 6-month pattern. probably should take a retrace and move further. First target 850, Second 950. But would take another 3, 4 months to achieve the top. Do your own analysis to enter the trade. My guess is to wait for a strong breakout and a retracement. Happy Trading!!
M&M LONG INTRADAY 10 AUG,2021Dear trader,
If u look at the chart of M&M (analysis based intraday only) the M&M Buy at 772 and Target at 785
Best Buy at 770.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
MAHINDRA & MAHINDRA as on 09.08.2021FALLING WEDGE PATTERN FORMED!!
IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!!
Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!!
CAN retest and move up !!
MACD sowing good strength after a long time !!
RSI coming back towards 60!!
EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!!
TARGET PRICE=955/988
STOP LOSS=753/719
WEEKLY CHART MAKING SAME PATTERN!!
MONTHLY CHART MAKING A BREAKOUT MOVE!!
GIVING GOOD SIGNALS!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
Mahindra & Mahindra (M&M) on demand zoneM&M on daily time frame is at its demand zone and also showing pullback currently from this level. But as it is also following downtrend trend line, I will be bullish once it gives close above that line otherwise it may continue to follow that line. Also it is below 50EMA currently.
M&M looks a buy !The stock has given a breakout and can be bought at retracement reversal near 776 - 805 with sl below 725 for tgt 1 : 869 tgt 2 : 928
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses