BUY #M_M STOCK PRICE @811.35 RS 24% ROI EXPECTED
Buy Entry1 @ 811.35
Buy Entry2 @ 743.75
Target @ 929.15
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Welcome to this analysis about M&M, we are looking at daily timeframe perspectives. M&M in recent times heavily decreased with bearishness however it now moved into an oversold condition. M&M is developing here that will be a decisive factor in the upcoming times. I discovered the main formation M&M is developing here that will be a decisive factor in the...
By observing the chart you may have obviously got the idea. There is a high possibility that 50EMA & 200EMA are going to cross soon and the stock is been trading on support so there is a less risk.
CMP: 752.5 SL: 700-703
Target: 875( Depends on your risk appetite you can desire for 52week high as well, as a target which is 930-955)
MAHINDRA & MAHINDRA is making triangle pattern and taken support from a very strong support zone, now can retest and then target is of the green line sl will be or the short can be below the black line.
The stock has broken out and retested the upper trendline and looks to undergo a rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple support zones, 200 EMA, Lower Trendline. The target is placed based on fundamentals.
M&M forming pattern on weekly charts keep in a watchlist or add an alert. Remember that breakout have to be strong with good volume and closing have to be good upper side not in mid or downrange. The trend is an uptrend.
Mahindra and Mahindra is consolidating for a long time in a downward wedge pattern. After getting good support and facing good resistance, it has finally boken the resistance with a good volume. If you analyse it on a hourly time frame, you will definitely observe an inverse h&s pattern is broken. The 15mins TF also looks bullish. It's a good swing.
Price trying to leap the 6-month pattern. probably should take a retrace and move further. First target 850, Second 950. But would take another 3, 4 months to achieve the top. Do your own analysis to enter the trade. My guess is to wait for a strong breakout and a retracement. Happy Trading!!
If u look at the chart of M&M (analysis based intraday only) the M&M Buy at 772 and Target at 785
Best Buy at 770.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see...
FALLING WEDGE PATTERN FORMED!!
IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!!
Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!!
CAN retest and move up !!
MACD sowing good strength after a long time !!
RSI coming back towards 60!!
EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now...
M&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.
The stock has given a breakout and can be bought at retracement reversal near 776 - 805 with sl below 725 for tgt 1 : 869 tgt 2 : 928
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before...