M_M trade ideas
M&M is at PreCovid Support levelsM&M is going to touch PreCovid Support level 595. respecting that level then it can go to 640 breaking that would go to 560,530. trade accordingly.
SHORT M&MIT WAS RESPECTING 20 DAYS MA FROM THE LAST FALL NOW IT HAS BREACHED AND THE VOLUME IS VERY LESS RELATIVELY WHICH INDICATES PEAK HASS FORMED
M&M - Trend Line Breakdown with Volume SupportM&M has Broken a trend which it was taking support on since 2 months. The Break down is Volume supported. There are multiple support levels which are marked as Target, Ofcorse All targets may not be achieved, but On every target one may do their own analysis to decide whether to remain short for next target or Book Profits and Exit. Stop Loss is very Small giving a very favourable Risk Reward Ratio.
M&M LONG#MNM Above 641 target 660 675 690+.Weekly close above 738 Will become roller coaster ride till 800 900+
M&M IF THE PRICE RISES AND FALLS AT 629 THEN IT WILL MOVE DOWNWIF THE PRICE RISES AND FALLS AT 629
THEN IT WILL MOVE DOWNWARDS UP TO 623.
V - Shape recovery - 40%+ ProfitabilityStrong buying seen resulting in V pattern which results in high probability move in same direction further providing target which has atleast same length as that of V shape
MAHINDRA & MAHINDRA 10 AugustM&M in downward trend as per
Macd - 20.58,
RSI - 59.15,
If M&M will give breakout below 'LONG TRENDLINE' then we might go for 200 DMA which is a strong Support,
so we can go for short on 10 August if we will get confirmation.
5 Days for Earnings 676 ?again intra day scan ...
figure this should pump a wee bit more before we have the pullback to possibly the level we are at now or 580ish
If it opens gap up 629-640 on wards is shorting territory .
Gap down
buy
573-588 with a 569.85 stop which i doubt we will see but hey ...
targets on the chart
Strong Buy that it cant make even a WICKM&M looks hell bullish that it doesnt even gets the chance to make a wick in the candle. Keep adding and make the stock Move up and running.
wait for clear direction, in swing easily we can make 14% to 17%whenever price came to this blue line, price gave minimal 14 ot 17% return.
SALE M&M FROM 599.5 TO 603 STLOSS 607 INTRADAY TARGET 590 582SALE M&M FROM 599.5 TO 603 STLOSS 607 INTRADAY TARGET 590 582
