M_M trade ideas
M&M good for Short Strangle (700-800 type)?Although M&M slipped sharply after its monthly numbers, it is probably tracing a triangle. The upside should be capped for few weeks to recent highs around 814. Downside may extend to 720 (not beyond for few days). Seems good candidate for short strangle. Can also do a broken iron condor by adding a put protection to the downside, should ensure minimal loss if breaks heavily to the downside. All ideas shared for educational purposes only.
M&MThird attempt to cross resistance and failed. Down can be seen 700 with sl 820. I may Be 100% wrong.
Simple charts, easy money
Chart for study purpose only
NSE:M_M Sell For 05 Dec 2018NSE:M_M sell initiate for 05 Dec 2018 using 30 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 731.3
Stop Loss : 751.2
Target : 720.05
m&mm&m form bullish inverse head and soldier pattern
buy above 793
target=840 short term
target=100 long term
Mahindra&Mahindra, ResistanceBuy above 943, SL 935. Trgt 960. Rationale: Good monsoon, price at breakout point, uptrend, growth stock.
M&M, ConsolidationBig leap and consolidation. This narrow range consolidation patterns are much reliable. Upward breakout is a possibility.
M&M -Ripe for short term Delivery Buy - Upside TGT 4-5 %M&M breaks out of a pattern, shows a classical throwback. It inches up higher again and likely to confirm the breakout over coming days. RSI is seen breakout out of a formation. OBV forms a new high which is bullish. Bullish divergence on RSI is observed on both Daily and Weekly Charts.
SELL SETAPDAILY FINANCIAL WISDOM: "If you always do what you've always done, you will always get what you've always got...."
DNA STRATEGIES BUY AT & SLDAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
