M_M trade ideas
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.
M & M - Intraday Trade SetupM & M CMP - 794.55
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 791 ONLY / Stop Loss 799
Target 1 - 786
Target 2 - 782
Target 3 - 778 / 770
Disclaimer: This is my view and for educational purpose only.
M_M weekly Bearish DEEP CRAB
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Vertical dotted line is ULTRA HIGH Volume + No Result from Effort--It’s a two bar signal. First bar is a widespread up bar on high/ultra-high volume & second bar is a normal spread or widespread down bar closing near its low.
If the second bar’s low & close are lower than the first bar then it’s a strong Sign Of Weakness, as second bar close are higher than the first bar its Sign of strength so expecting price to touch deep crab 1.618XA before reversal (or)
with Weekly resistance & candle spreads getting narrow ,when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & break of TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
Mahindra and Mahindra viewMahindra and Mahindra has given another break out. Support and resistance plotted in the chart.
MAHINDRA AND MAHINDRAVIEW IS PERSONAL, 12 JAN INTRADAY TIP OF 3% GAIN IN MAHINDRA, BY ANALYSING BETTER VOLUME IN DAILY CHART
M & M - Intraday / Swing Trade SetupM & M CMP - 770.50
Looking bullish in higher time frame. However, there will be a downside retracement and then move up side. Both sides opportunity to be seen. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Scenario 1 Setup
Sell at or Below 770 / 777
Target 1 - 765
Target 2 - 760
Target 3 - 755
Scenario 2 Setup
Buy at or Above 777 / Stop Loss 770
Target 1 - 782
Target 2 - 787
Target 3 - 797
Scenario 3 Setup
Wait for the retracement and buy around 750 - 760 levels with stop loss of 725 for target of 800 levels
Disclaimer: This is my view and for educational purpose only.
M&M - Bullish Pennant Breakout and target (Short term Trade)Short term trade... 15 min chart shows Consolidation in a bullish Pennant pattern.
Break towards up will take us to 732-735 levels
Cmp 711
Stop loss 700.
TrendLine BO Volume Build upI can see a volume build up at this area, SM20 is closer, Top Down Trendline, Keep this in your radar
#note this is for my learning to evaluate myself, maybe keep this in your radar, am doing Paper trade only
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.
M & M - Intraday Trade SetupM & M CMP - 727.55
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At at Below 722 / Stop Loss 730
Target 1 - 718
Target 2 - 714
Target 3 - 709
Disclaimer: This is my view and for educational purpose only.
MAHINDRA &MAHINDRA 1HRBEARISH GARTLEY
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
