M_MFIN - Elliott Wave Count M_MFIN - The Market seems undergo further decline upto 246 range. if 246 is safe then we can expect good recovery which will give buy entry. Please exercise caution when trading as this information is for educational purposes only. NSE:M_MFIN1! NSE:M_MFIN BSE:M_MFIN
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...
NSE:M_M #M_M formed ascending triangle. ping me for levels, for details check my profile.
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.
Strictly for swing trade if we see a reversal in weekly time frame. Definitely not for investments as I can see no much growth in neither the company nor in the stock price much. But considerable facts are it had felt down 50% of its growth. If we find a reversal here where it already reversed once, we can go long for swing trade nothing more than that.