Mahindra and Mahindra Finance showing positive trend and slowly looking to move higher..
its a strong trend change with support line and can expect good returns from the stock..
Look like an upside opportunity for targets 203,215 and all targets are valid based upon closing of it and there is good accumulation up to 190 and maintain strict stop loss of 186 below the closing of it.
M_mFin has alt shark along with wolfewave and rsi negative divergence on daily timeframe. Also a deep crab and Wolfewave at lower timeframe, Expecting a upside move till shark PRZ after hitting small TF ww target . IF sl taken then we can expect Gartley and can long till 272.
Forecast of gartley if broken B
M&MFIN Mahindra & Mahindra Fin. Services Ltd.
M&MFIN Mahindra & Mahindra Fin. Services Ltd. Made a Cup&Handle pattern also showing triangle breakout.
RSI value showing good momentum.
if market is favor, we can expect good move.
***Above mentioned is my point of view. this is not a buy or Sell recommendation. only for educational purpose. **
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell...
Looks bullish on weekly charts, ready for break out above Red Trendline.
Trade Idea -
Go long if price closes above RED TRENDLINE on WEEKLY CLOSING BASIS
STOP LOSS - Below Red trendline ON WEEKLY CLOSING BASIS
Thanks for watching
All the Best
1. 3 supports at the bottom
2. 3 resistance at the top
3. Perfect triangle pattern is forming, which has being consolidating for nearly 2 years
4. Good time to enter by considering today's closing
5. Keeps good track records as of now
6. Can expect positive trend for the month of November
2021
