M_M trade ideas
M&M (NSE) - A New trend with pennantM&M has made new Higher highs and Higher Lows (Marked in Arrows), indicating that a New Up trend is established.
We also see an Ascending Triangle Pattern, which is a continuation pattern, that indicates a resumption of the underlying Up-trend.
The price is Currently stuck at a Round number Resistance @ 600 , breaking out of which would create a Strong move in upward direction.
On the downside, 560 is the Key Level breaking of which would indicate a weakness of this newly built Buying trend.
M&M approaching supply zonefrom last year M&M trading in one strong bearish channel..go short on mahindra when it reaches 597-607 , views are neglected above 610
Mahindra & MahindraOn a monthly chart M&M seems to reached to previous congestion zone and it look like strong support on long term chart. The worst draw down seems to 10% from hereon but upside seems to be decent as MACD histogram is reversing. Seems to be good entry point for long term indicator.
Disclaimer: I am not SEBI registered analyst. This is not a buy or sell recommendation but it is for educational purpose only.
M&M AT 5 YEAR LOW. Buyer Ideology - Is it the time to do Bottom Fishing?
Seller Ideology - Am I trying to catch a Falling Knife?
Are you a buyer or Seller? Let me know.
We will be Buyers for 10 years.
We will be Sellers for 3-6 months.
Intraday Sell M&M valid only for 6th Sep (cash level)Intraday Sell M&M valid only for 6th Sep (cash level)
591 SAN;News based Gap up or sharp spike possible from 553 to 578 in first two hours (SL compulsory)
M & MWAITING FOR PRICES TO TEST THE ENTRY PRICE. SELL SETUP :)
KEEP IT SIMPLE, KEEP IT UNIQUE :)
HAPPY TRADING, HAPPY PROFIT MAKING :)
NOTE: MY VIEW ONLY....
Mahindra & Mahindra M&M Triple Positive Divergence Possible.Mahindra & Mahindra M&M Weekly Chart is showing possible Triple RSI Divergence. RSI bounce from trendline support still pending.
Short M&M for indraday, valid only for 16th May 2019Short M&M for indraday, valid only for 16th May 2019
Possible Long M&Mlooks like 2nd wave ending here and beginning of 3rd wave on breakout of trend line, lets c what happens
