M_Mcompleted correction and started impulse waves. retracement can be to 50 or 68% and then to move up and break out
MHNDR trade ideas
Mahindra & Mahindra (M&M) on demand zoneM&M on daily time frame is at its demand zone and also showing pullback currently from this level. But as it is also following downtrend trend line, I will be bullish once it gives close above that line otherwise it may continue to follow that line. Also it is below 50EMA currently.
Mahindra & Mahindra: LongMahindra and Mahindra looking bullish on chart. buy between 740 to 745 with stop loss 720.5 and look for target 775, 791, 827
Please note this is only for educational purpose. do your own research before invest.
Short sell - Mahindra and MahindraAs you can see, M & M has broken its strong support of 740. Last many months it has taken support at this level and gained significantly. However, yesterday it has broken its 740 support and today it retested 740 and again fell down. Therefore, we can short sell this stock for the targets of 702 and 685 which should be its next support which are last 2 red lines.
Resistance zoneIf it closes above the line, we can expect it to rise
Otherwise we can use this line as intraday sell zone
M&M breakoutM&M is clearly breaking over its consolidation in 30 minutes. Also it is breaking over the triangle trendline.
Entry point 800
Target 1 : 827
Target 2 : 900+ in long term
Sl : 780
POSITIOAL LONG VIEW #M&M BO RE - TEST LEVLS 805POSITIOAL LONG VIEW #M&M BO RE - TEST LEVLS 805
BUY M&M FUTURE RANGE 805 -808
STOP LOSS BELOW 777 CLBS
TARGET 820 820 840 860 880 +++
