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Mahindraandmahindra

M_M Elliote wave setup in weekly time frame !Hey hello brother my self Ravindra, You will find me on my bio If you are Know litle bit aboute elliote wave you will get my point that what i want to say in chart, Dont worry if you still dont understand ! We have completed our impulisve wave Have (1+2+3+4+5)and now shifted toward corrective wave(A,B and C), You will get 3 rd extensive wave at fib level 0.318 @ 500, When you will extened wave 1 to 3 you will get wave 5 th at fib 0.618 which is last impulsive wave done @ 240 And now we Are shifting to Corrective wave A we will get litle bit correction from Corrective Wave A toward 400, Show if you finding an opportunity to short you can short below 460 for target toward 440-420-400 Then close your postion. We can see Mahindra and mahindra 600-700 level bt according to elliote wave principle needs to done wave B first . Thanks Hope you will Like my analysis You will get many succesfull trade just look toward my past analyisis
NSE:M&MShort
by Trading_buddy
2
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.
NSE:M&M
by yash_utmani