M_MFIN trade ideas
M_MFIN - Intraday/Very Short Termhis analysis is purely based on price action and Chart Patterns. Analysis done in live market. Kindly do your own study before trading.
The analysis is on 15min TF hence target can be achieved in intraday trade.
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management.
Feel free to comment for any queries & suggestion
M_MFIN ( DAILY) - Trend Line analysisM_MFIN ( DAILY) ( STOCH >25 <75 )
Trend line breakout applicable on 3 dates till 8th Oct 2020 , each color coded :
From 16th Sept 2020 ( GREEN)
31st Aug 2020 (PINK)
22nd July 2020 ( WHITE)
Buy above high of 18th Sept high @ 139.5
Targets could be pivots of PINK and WHITE
OR
Target height of trend line for Rs. 28 rupee move
OR
Target 2*ATR for Rs.10 move
9 day EMA just crossed 21 day EMA
9 day EMA = 50 day MA
RSI > 50
Volume > AVG
4H candle ended in red so await next candle for confirmation
M&M FINANCETHE WAY ITS TAKING SUPPORT AGAIN AT 131.50, IT CAN HOLD TO THIS SUPPORT AND CAN BE LONGED FOR 134.25 AND 136.25, 137.50
IF DOES NOT SUSTAIN, THEN 126 COMING ON DOWNSIDE
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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M&M FINANCENSE:M_MFIN
THE WAY ITS TAKING SUPPORT IN THIS ENTIRE EXPIRY, 131.50 CAN BE CONSIDERED AS SUPPORT AND CAN BE LONGED FOR 134.25 AND 136.25, 137.50
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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