Mahindraandmahindra
Mahindra & mahindra Intra ideathe market is trading near a strong support a pullback is expected .For intraday position one can go long above buy line but if you want to keep it safe you can wait until it breaks first target zone
Mahindra & Mahindra may give breakout from triangleMahindra & Mahindra may give breakout from triangle pattern
M&M making morning star at support and triangle breakout level M&M making morning star at support and triangle breakout level good time to enter
Mahindra and Mahindra AnalysisM&M Stock Remained in the Sideways trend for a quite amount of time.
The Question comes is that Should I buy or short this stock Now??
Let's Discuss what is happening in the Market -->
Now, M&M Stock is in Ascending Broadening Wedge Market Phase. It is in this Wedge Market phase in both Daily and Hourly Chart.
Yellow Market Phase indicated from the 1-hr chart.
Gray Wedge Market Phase is for Daily chart.
We have a confluence that is both are telling the stock price will reverse from this point.
RSI also indicates that it is at the resistance level which means that the Price may bounce to a downtrend.
So, One can Short one's trade for intraday and can book profit in the 2nd Demand level.
Have a Happy Trade, Share the @alphadecodetrade with your friends.
Mahindra and Mahindra viewMahindra and Mahindra has given another break out. Support and resistance plotted in the chart.
LONG OPPORTUNITY IN MAHINDRA & MAHINDRAREASONS-
1) WEEKLY & DAILY TREND IS BULLISH.
2) POSSIBLE FAKEOUT.
3) BEARS TRAPPED.
4) BUYING IN THE DEMAND AREA.
5) I PERSONALLY WILL DIVIDE THE POSITION SIZE INTO 3.
WILL BOOK THE FIRST LOT WHEN REWARD = RISK
WILL BOOK THE SECOND LOT WHEN REWARD = 1.5 x RISK
WILL BOOK THE THIRD LOT WHEN REWARD = 2 x RISK
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^^
M&M - Ready for its corrective wave 2? M&M on weekly time frames is poised to correct.
Currently, hidden negative divergences are clearly visible on the chart.
Even though, the price has established a new high post-September 2020 however, RSI failed to establish a new high and its the first sign of loss of momentum.
Applying the Elliot wave theory
From march lows of 250 and recent highs of 760 - we can consider this as wave 1
Wave 2 - Usually corrects up to 61.% fibo levels which comes down to 450. However, 570 & 500 are also crucial levels to watch for any reversal signs.
A flag pattern in M&M, entry on swing lowMahindra & Mahindra seems very bullish. Created a flag pattern on the 1H chart. Broke out from the flag and has slightly retested the support. Entered on the swing low where it touched the 20 EMA.
Strict exit on SL as there's no guarantee of an up move if the price reaches the SL area.
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.
M&M (NSE INDIA)M & M is moving above resistance area on Monthly chart with good volumes , Expecting it to be above 1000 in 2021 First Quarter.
M&M making the topMahindra and Mahindra motors is almost making the head and shoulders pattern.
let see how it develops
R-0196 Short Term Cash Buy M&M @642.25-645.25 SL 630.7 TGT 667Short Term Cash Buy M&M @642.25-645.25 SL 630.7 TGT 667
Above VWAP and bearish reversal pattern so we expect more upside also followed by MACD cross over.
M&M is at PreCovid Support levelsM&M is going to touch PreCovid Support level 595. respecting that level then it can go to 640 breaking that would go to 560,530. trade accordingly.
M&M - Trend Line Breakdown with Volume SupportM&M has Broken a trend which it was taking support on since 2 months. The Break down is Volume supported. There are multiple support levels which are marked as Target, Ofcorse All targets may not be achieved, but On every target one may do their own analysis to decide whether to remain short for next target or Book Profits and Exit. Stop Loss is very Small giving a very favourable Risk Reward Ratio.
