M_M trade ideas
M_M is getting ready to FLYYYYYYYYYYY 100th analysis M_M: Formed descending triangle of Elliott corrective wave. Watch the price at watch out zone and go long !
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M & M - Intraday Trade SetupM & M CMP - 777.90 *High Probability*
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* At or Below 774 / Stop Loss 785
Target 1 - 770
Target 2 - 765
Target 3 - 760
Disclaimer: This is my view and for educational purpose only.
M&M BUY AT 820. TARGET 861. SL 790. HOLD FOR 7 DAYS# After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce.
# Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance.
# The short term trend seems to have turned positive.
# We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart.
# Volume has started to rise along with the upmove in the stock price.
# The intraday/daily RSI is showing positive indication.
# The overall bullish chart pattern of the stock price indicate long trading opportunity. One may look to buy as per the levels mentioned above.