complicated TA doesn't work. keep technical analysis as simple as possible. today i missed this bounce, from support.
Mahindra
nr to resistance taken trade today, in this stock. in both side (buy/sell). made 2%. next few session are very important for this stock. it's nr to resistance
M&M MULTI Time Frame Analysis .Flag Pattern In Daily Chart .
Price Rejection Candle ( Hammer , In 1Day Chart )
Retraced 0.5 Fib From Bottom .
75 MIN
Twizzer Bottom Pattern
Buy Initiate Above 338.5
Manage Your Risk Reward According to your Risk Appetite .
Trade idea for M_M or Mahindra&Mahiindra
Made DB here with increase in volume the price surged, a good RR trade if it plays out.
expecting it to move like this, lets see
M&M AT 5 YEAR LOW. Buyer Ideology - Is it the time to do Bottom Fishing?
Seller Ideology - Am I trying to catch a Falling Knife?
Are you a buyer or Seller? Let me know.
We will be Buyers for 10 years.
We will be Sellers for 3-6 months.
Mahindra & Mahindra M&M Triple Positive Divergence Possible.Mahindra & Mahindra M&M Weekly Chart is showing possible Triple RSI Divergence. RSI bounce from trendline support still pending.
TECH MAHINDRA explained in detailRED, BLUE and GREEN line already described on the chart.
Close above blue line in coming session may bring a confirmed pull back...minimum of 10 to 12 % can be expected from CMP 433.95
Long M&MM&M is in an up trend and seems to have a completed a Flat correction today. A close above the upper trendline would confirm the start of the new impulse up.
Bullish Flag Pattern : Mahindra&MahindraHi Guys,
As you can see from above post, M_M is forming bullish flag formation with very lengthy flag pole on bullish move, so once the breakout happens we can expect market to move up. Incase, the breakout didn't happen on upper side and M_M moves downside continuously this trade is invalid bcos price may reach 1400 easily.
So take this trade only on bullish breakout after confirmation. as Nifty is also in bullish momentum we can expect stocks also to get in direction of Nifty and with these pattern formations we get more confidence in the trades we take.
Hit Likes to agree with Idea...Thanks for your support....
Happy Trading !
Mahindra Finance : Ready for Breakout Descending TriangleFor Aggressive traders triangle patterns are like ripe fruit.
Here we got descending triangle pattern in M_MFIN
Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits.
For Triangle patterns none can say with 100% confidence that it can breakout in particular direction. So the chance of M_MFIN breaking out in any direction is possible.
Happy Trading !
