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Mahindra

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MHNDR trade ideas

Mahindra and Mahindra AnalysisM&M Stock Remained in the Sideways trend for a quite amount of time. The Question comes is that Should I buy or short this stock Now?? Let's Discuss what is happening in the Market --> Now, M&M Stock is in Ascending Broadening Wedge Market Phase. It is in this Wedge Market phase in both Daily and Hourly Chart. Yellow Market Phase indicated from the 1-hr chart. Gray Wedge Market Phase is for Daily chart. We have a confluence that is both are telling the stock price will reverse from this point. RSI also indicates that it is at the resistance level which means that the Price may bounce to a downtrend. So, One can Short one's trade for intraday and can book profit in the 2nd Demand level. Have a Happy Trade, Share the @alphadecodetrade with your friends.
NSE:M_MShort
by alphadecodetrade
M_M weekly Bearish DEEP CRAB Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying Vertical dotted line is ULTRA HIGH Volume + No Result from Effort--It’s a two bar signal. First bar is a widespread up bar on high/ultra-high volume & second bar is a normal spread or widespread down bar closing near its low. If the second bar’s low & close are lower than the first bar then it’s a strong Sign Of Weakness, as second bar close are higher than the first bar its Sign of strength so expecting price to touch deep crab 1.618XA before reversal (or) with Weekly resistance & candle spreads getting narrow ,when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & break of TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short POTENTIAL SELL
NSE:M_MShort
by PriceActionTradervsa
M & M - Intraday / Swing Trade SetupM & M CMP - 770.50 Looking bullish in higher time frame. However, there will be a downside retracement and then move up side. Both sides opportunity to be seen. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Scenario 1 Setup Sell at or Below 770 / 777 Target 1 - 765 Target 2 - 760 Target 3 - 755 Scenario 2 Setup Buy at or Above 777 / Stop Loss 770 Target 1 - 782 Target 2 - 787 Target 3 - 797 Scenario 3 Setup Wait for the retracement and buy around 750 - 760 levels with stop loss of 725 for target of 800 levels Disclaimer: This is my view and for educational purpose only.
NSE:M_MLong
by rafeahmed
2
M&M - Ready for its corrective wave 2? M&M on weekly time frames is poised to correct. Currently, hidden negative divergences are clearly visible on the chart. Even though, the price has established a new high post-September 2020 however, RSI failed to establish a new high and its the first sign of loss of momentum. Applying the Elliot wave theory From march lows of 250 and recent highs of 760 - we can consider this as wave 1 Wave 2 - Usually corrects up to 61.% fibo levels which comes down to 450. However, 570 & 500 are also crucial levels to watch for any reversal signs.
NSE:M_MShort
by akumar1057