M&M -Mahindra & Mahindra Ltd. (2 hours chart, NSE) - LongM&M -Mahindra & Mahindra Ltd. (2 hours chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume structure integrity risk}
Risk/Reward ratio ~ 4.78
Current Market Price (CMP) ~ 2935
Entry limit ~2930 to 2910 (Avg. - 2920) on April 30, 2025
1. Target limit ~ 3015 (+3.25%; +95 points)
2. Target limit ~ 3135 (+7.36%; +215 points)
Stop order limit ~ 2875 (-1.54%; -45 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Mahindra
Levels to watch out Based on the intrinsic value analysis, Mahindra and Mahindra Ltd. (M&M) is currently overvalued. With an intrinsic value of 1,633 per share and a market price of 2,665, the stock is trading at a premium of about 39%. This suggests that M&M does not present an attractive investment opportunity at these levels.
Given my outlook for the Nifty index to correct in the coming weeks, I believe many stocks, including M&M, are overvalued and may face downward pressure. Investors who chase these stocks by buying into strength or during market dips could be setting themselves up for a bear trap.
Instead, I plan to begin accumulating M&M shares in the range of 1,700 to 2,100. I see potential for new highs in the long-term, but only after the stock has corrected to more reasonable levels.
How to Spot next leader ? Auto sector NSE:CNXAUTO
Relative strength compared to Nifty 50 - NIFT Auto clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while Auto is on uptrend.
Now look for stocks which have better chart pattern than NIFTY Auto.
These are going to perform better once NIFTY 50 turn positive. Some examples.
1) NSE:M_M
2) NSE:MAHINDCIE
3) NSE:APOLLOTYRE
MAHINDCIE All time high brackoutThe chart show in the perfect price action of the share, this share is good for the long term
Best buy level on MAHLIFENSE:MAHLIFE has been corrected 50% on Fibonacci levels. It will be best risk and reward option to take entry for upside.
My entry level will be 384 with stop loss of 360 (24 Points)
My expected target will be 402 & 421
Note: This is my personal analysis, only for learning.
Thanks.