Mahindra & Mahindra Finance Looking Bullish, can go Long
All the key levels are mentioned in chart with Stop-loss and Targets
RSI BULLISH DIVERGENCE
Breakout
Key Levels
Volume spikes
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
M_MFIN trade ideas
m&M financialThe company is targeting net NPA of at most 4% on a yearly basis, as per RBI’s expectation going
forward.
Going forward, the company expects growth in all its business segments on account of good
monsoon and upcoming festival season.
The company would lay more emphasis on digital means and paperless transactions to maintain
operational cost.
Passenger vehicle disbursements is expected to grow by 26% in FY22.
The company is planning to maintain a disbursement target of ~₹5,000 crore on a QoQ basis
M&M FIN EW Wave analysis Wave 2 is 0.618 times of Wave 1,
Wave 3 was almost around 1.272 of Wave 1.
Wave 4 is 0.618 retracement of Wave 3.
Also ABC correction (Most likely Zigzag, I have not attempted to count it yet) is completed with C as 2.618 of AB.
Now we have a wave 5 play in progress.
Tgt would be 200 and 225.
M&M FinStrictly for swing trade if we see a reversal in weekly time frame. Definitely not for investments as I can see no much growth in neither the company nor in the stock price much. But considerable facts are it had felt down 50% of its growth. If we find a reversal here where it already reversed once, we can go long for swing trade nothing more than that.
M&MFIN SHORT INTRADAY 26 APR,2021Dear trader,
If u look at the chart of M&MFIN (analysis based intraday only) the M&MFIN Buy at 164 and Target at 156
Best Buy at 166.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
M&MFIN LONG INTRADAY 5 APR,2021Dear trader,
If u look at the chart of M&MFIN (analysis based intraday only) the M&MFIN support at 204 and target at 210 and stop loss at 199.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Ascending Channel PatternThis stock is in upward trend. And the share is moving in ascending channel pattern and swinging in the parallel trend lines. The first strong support level is of 193. We can see a buying opportunity at support level but only after if there is a bullish signal in candle chart.