M_M trade ideas
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..."
Mahindra ranging in Symmetrical Triangle of Wave 4It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
M&M updateIf the lower trendline of the longer-term channel is broken, then the count would need to be reassessed. Otherwise an up move from the LTL is possible.
