M & M - Intraday Trade SetupM & M CMP - 727.55
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At at Below 722 / Stop Loss 730
Target 1 - 718
Target 2 - 714
Target 3 - 709
Disclaimer: This is my view and for educational purpose only.
M_M trade ideas
A flag pattern in M&M, entry on swing lowMahindra & Mahindra seems very bullish. Created a flag pattern on the 1H chart. Broke out from the flag and has slightly retested the support. Entered on the swing low where it touched the 20 EMA.
Strict exit on SL as there's no guarantee of an up move if the price reaches the SL area.
M & M - Intraday / Swing Trade SetupM & M CMP - 715.60
Looking bullish in higher time frame. However, there will be a retracement and then up side movement. Both side opportunity one can go for Intraday / Swing Trade setup with the following entry, stop loss & targets.
Sell at or Below ONLY 715 / Stop Loss 723
Target 1 - 710
Target 2 - 705
Target 3 – 702
Buy at or Above ONLY 723 / Stop Loss 715
Target 1 - 728
Target 2 - 733
Target 3 - 738 / 740
Short Term - 790 - 800
Disclaimer: This is my view and for educational purpose only
M&M (A triangle ready to be breached ?)The stock has formed a beautiful triangle on a Daily TF and is currently consolidating since the last 2 days within it. Any breach of the Triangle might give a good momentum move in the direction of the breach. The further yellow lines can be treated as area of resistance and support while setting targets.
Things have started to turn towards the positive side, with many things working in India's favour like Increasing growth forecasts by different brokerage / research houses, companies delivering better than expected numbers for Q2, the expectation of having a vaccine soon has brought the Index to its all time high and things are just looking better. However we need to keep in mind that the markets are going up only on the expectation that things will be better, We need to see that even though the numbers for a lot of companies have improved they are still lagging the previous year on a half yearly basis and might de grow on a yearly basis as well, which clearly shows the valuations getting stretched even further. Volatility is here to stay until things don's look certain.
So trade with caution and never over expose.
M & M - Intraday / Swing Trade SetupM & M CMP - 633.20
Looking bullish in time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or Above ONLY 638 / Stop Loss 630
Target 1 - 643
Target 2 - 648
Target 3 – 650 / 655
Disclaimer: This is my view and for educational purpose only.
Mahindra & Mahindra - Intraday Trade SetupM & M CMP - 597.15
Mahindra & Mahindra is at an interesting level. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or below 594 / Stop Loss 601
Target 1 - 590
Target 2 - 585
Target 3 – 580 / 575
Disclaimer: This is my view and for educational purpose only.
Mahindra & Mahindra - Intraday / Swing Trade SetupM&M CMP - 625.15
Looking bullish. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or above - 631 - 632 / Stop Loss 618
Target 1 - 635
Target 2 - 640
Target 3 – 645 / 650 / 655
Note: This is my view and for educational purpose only.