M_M trade ideas
MAhindra & Mahindrashort with the stop above 586.1 or untill it closes above green line, short at the open itself and ride untill you hit the stoploss or use fibonacci on the candle breaking down from the lines to set targets for yourself as per your risk I usually ride untill it hits my stop.
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
