Another Adani pattern is on Mahindra and Mahindra. For M_M wave Elliot impulse Wave 3 ends and Correction of wave 3 (Wave 4 begins). Volume has decayed and new highs has been rejected. Lows could for 948 leve with an SL of 1380....This could be a good short opportunity.
I am Bearish, when it comes to M&M
Few Reasons
1. Auto Sector Showing Weakness
2. Fake Breakout to upside
3. The only support now it has is near to 1000/- price level
Entry - 1147
Target - 1130
Mahindra and Mahindra is at a very important level. If it goes below 1147 then short it (Intraday). Target is 1130 and stoploss is previous candle high.
NSE:M_M
Hello traders ,
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
this is only for educational purpose. before taking trade take advice from...
Mahindra & Mahindra (#M_M):
⚡️Looks like entered in Stage-4
⚡️Can go towards 1055 & 960
⚡️Strong confirmation if retest 200DMA and fails to sustain above that level.
View invalid above 1150
Hello to everyone
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe . The price hit the target of 1228. Now the price is near the strong weekly support zone . The level of 1200--1230 is strong demand zone and there is RSI...
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level.
Note: Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Hello to everyone
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI...
The Price perfectly respecting the ascending parallel channel. Monthly chart showing 4 bar RSI Bearish Divergence as well as weekly chart also showing bearish divergence between price & its RSI momentum. Good opportunity to sell here as price also trading near all time high price.My target will be 1328---1267 & 1228 in coming day's.
The stock is trading low for a week now, and also created a double bottom. A breakout above near resistance 1277.75 is a good buy for a swing trade for targets, 1304, 1332 & 1360. And a selling opportunity is below near support 1248.15 for a target of 1230.55.
Trade wisely, at your own risk appetite.
Good luck, Jai hind.
NSE:M_M One can go long as it has took support on Daily timeframe at Channel Pattern with a small SL of 1230
Do your own analysis before taking trade, This is just for educational purpose
M&M stock has on daily TF wee can see that the downside journey is continue from this month .Stock is weak on short term basis.
Entry : CMP
SL : 1298
Downside Move : 1250,1200
M&M Stock is going week on Daily TF. From last couple of weeks stock took the support at 1360 level which was break on Friday. Stock on last Monday made Spinning Top Candle with high volume which was a Bearish signal for stock, Again on Thursday Stock has made Shooting star Candle which is again Bearish Signal for stock and on Friday follow through the bearish...
