M&M,making double bottom.Mahindra and mahindra,making double bottom, you can buy for long after breakout of neckline,it's good opportunity for long.
M_M trade ideas
Mahindra & Mahindra Limited - Triangle pattern breakoutMahindra & Mahindra Limited - Triangle pattern breakout
StopLoss @ 752
Target 1 @ 820
Target 2 @ 867
Target 3 @ 917
Mahindra & Mahindra (M&M)-Bullish Up trend stock
+ Descending Triangle Pattern
+ Trendline Breakout
One can go Long with mentioned key levels in chart.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
M_Mcompleted correction and started impulse waves. retracement can be to 50 or 68% and then to move up and break out
Mahindra & Mahindra (M&M) on demand zoneM&M on daily time frame is at its demand zone and also showing pullback currently from this level. But as it is also following downtrend trend line, I will be bullish once it gives close above that line otherwise it may continue to follow that line. Also it is below 50EMA currently.
Mahindra & Mahindra: LongMahindra and Mahindra looking bullish on chart. buy between 740 to 745 with stop loss 720.5 and look for target 775, 791, 827
Please note this is only for educational purpose. do your own research before invest.
Short sell - Mahindra and MahindraAs you can see, M & M has broken its strong support of 740. Last many months it has taken support at this level and gained significantly. However, yesterday it has broken its 740 support and today it retested 740 and again fell down. Therefore, we can short sell this stock for the targets of 702 and 685 which should be its next support which are last 2 red lines.
Resistance zoneIf it closes above the line, we can expect it to rise
Otherwise we can use this line as intraday sell zone
M&M breakoutM&M is clearly breaking over its consolidation in 30 minutes. Also it is breaking over the triangle trendline.
Entry point 800
Target 1 : 827
Target 2 : 900+ in long term
Sl : 780
