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Mahindraandmahindra

RSI BULLISH DIVERGENCE ON WEEKLY CHART !!!!Hello to everyone The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. Near the support level RSI Bullish Divergence can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:M&MLong
by Jha_Nidhi
3
Will Mahindra & Mahindra keep the uptrend?In the analysis of this stock we have noticed the format of two curves from September 2018 to February 2021 and from February 2021 to October 2021. Until this period, we have a resistance at 956, and we have a huge drop of the stock due to the COVID phase but it was consolidated. Then from March 2022 we notice a huge bullish trend, so to verify whether this will follow or not, we drew two trend lines and we opted for the Fibonacci Extensions in order to see at what point should we exit the trend. What we can expect is that the price will reach the line at 1308 then will drop to follow the trend line and continues the raise
NSE:M&M
by vf_investment
1