complicated TA doesn't work. keep technical analysis as simple as possible. today i missed this bounce, from support.
M_M trade ideas
nr to resistance taken trade today, in this stock. in both side (buy/sell). made 2%. next few session are very important for this stock. it's nr to resistance
M&M MULTI Time Frame Analysis .Flag Pattern In Daily Chart .
Price Rejection Candle ( Hammer , In 1Day Chart )
Retraced 0.5 Fib From Bottom .
75 MIN
Twizzer Bottom Pattern
Buy Initiate Above 338.5
Manage Your Risk Reward According to your Risk Appetite .
this post only for whom, who invest for long term. it's also interesting for learning. once jessie livermore said - investor are bigger gambler than traders.
Dragonfly reversal in M&MThere is consistent buying seen at around 500 level in this counter.
Also current Dragonfly formation gives good indication of buying interest at below 520 levels.
Break above 526 will be good buying opportunity with SL of 514
Trade idea for M_M or Mahindra&Mahiindra
Made DB here with increase in volume the price surged, a good RR trade if it plays out.
expecting it to move like this, lets see
Mahindra & Mahindra - Can go long at current level.Mahindra & Mahindra - Can go long at current level.
M&M may fall to 500 levels, resistance from 200DMAfurther consolidation may possible in M&M and will test 500 levels once again. but if it breaks 200DMA with volume, we can consider trend has changed. then it may go upto 620 followed by 675 levels.
M&M Buy above 540-542 on Closing BasisHi Friends,
As per chart pattern, Buy possible between 541-542 on closing basis (Daily candle) with SL 521 and Target 550, 560/565
Posting for Educational purpose only
M_M Buy Signal for W shapeShowing positive Divergence, CMP 530. SL closing below 500.
T1 600. T2 635
