M_MFIN trade ideas
M_MFIN ( intraday levels ) Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell only Below 138.50 in intraday and Buy only above 146.50 in intraday.
Support area
Macd in daily is negative
Macd in weekly is also Negative
Rsi in daily below 40 and down tick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
Mahindra finance for long term 1. 3 supports at the bottom
2. 3 resistance at the top
3. Perfect triangle pattern is forming, which has being consolidating for nearly 2 years
4. Good time to enter by considering today's closing
5. Keeps good track records as of now
6. Can expect positive trend for the month of November
2021
M&M Financial Short Term BreakoutThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper & lower Trendlines. Target is placed near the swing high based on fundamentals.