Trade idea for M_M or Mahindra&Mahiindra
Made DB here with increase in volume the price surged, a good RR trade if it plays out.
expecting it to move like this, lets see
Mahindraandmahindra
M_M Buy Signal for W shapeShowing positive Divergence, CMP 530. SL closing below 500.
T1 600. T2 635
Mahindra & MahindraOn a monthly chart M&M seems to reached to previous congestion zone and it look like strong support on long term chart. The worst draw down seems to 10% from hereon but upside seems to be decent as MACD histogram is reversing. Seems to be good entry point for long term indicator.
Disclaimer: I am not SEBI registered analyst. This is not a buy or sell recommendation but it is for educational purpose only.
M&M AT 5 YEAR LOW. Buyer Ideology - Is it the time to do Bottom Fishing?
Seller Ideology - Am I trying to catch a Falling Knife?
Are you a buyer or Seller? Let me know.
We will be Buyers for 10 years.
We will be Sellers for 3-6 months.
Mahindra & Mahindra M&M Triple Positive Divergence Possible.Mahindra & Mahindra M&M Weekly Chart is showing possible Triple RSI Divergence. RSI bounce from trendline support still pending.
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.
Mahindra ranging in Symmetrical Triangle of Wave 4It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
M&M updateIf the lower trendline of the longer-term channel is broken, then the count would need to be reassessed. Otherwise an up move from the LTL is possible.
Long M&MM&M is in an up trend and seems to have a completed a Flat correction today. A close above the upper trendline would confirm the start of the new impulse up.
