M_MFIN trade ideas
M&M FINANCEit is on an uptrend but looks like a retracement till 135 and then the up move till next resistance. #my_view
M&MFIN - Long Above 213 & Short Below 191NSE:M_MFIN long above the break of 212 & short below the break of 191
M&M FINANCEIt has cleared the March highs and multiple resistances, can be bought with conservative sl of 199 for a target of 211 and 218.
If aggressive long taken, sl can be for 195.
Mahindra and Mahindra finance 07 July 2020Mahindra and Mahindra finance 07 July 2020
Mahindra and Mahindra finance buy given at 195
As per the day trends and hour charts we have hit the bulls eye again.
All clients made profits with least investment. Our hourly charts are our forte and our analysis sticks to beyond technical analysis we do.
M-MFIN levels are clearly explained in the picture.
Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.
In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.
Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .
It’s a good idea to short sell at the current price as it’s averaging there.
Top resistance and Support is given clearly.
However average sell can be given at current price.
The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.
Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.
Contact me for more analysis and recommendations.
Mahindra & Mahindra Fin Ser - Potential 100% gain in 3 monthsEconomic Indicator - Rural Economy is in uptick mode in India and not impacted by covid as estimated by experts.
Policy Indiactor - RBI stepped in and provided liquidity as needed
fundamentals - 40 to 50% undervalued. less than 10% moratorium.
Technical - see the charts
market trend - Bajaj Finance and other fin companies reverting to mean as market understanding less impact of covid and open up economy.
stock is beaten down and less probability to fall further.
Summary - Long on Stock till stock price hits 350.
Disclaimer - this is not investment advise, neither I take any responsibility of your losses if incurs due to market situation.
M_MFIN BUY CMP 168.35 is a low risk entry since stock has corrected almost 50% from last wed (24-06.2020) on hourly chart.
T1 - 176
T2 - 183
SL - 161.90
M&M range boundM&M is moving in the range 173 to 190, watch for break out level to get good returns
levels on the chart
Disclaimer : This is only for study purpose, do your own study or consult your financial advisor before taking trade.
M_MFIN - At range resistance @185M_MFIN - At range resistance @185
Selling may trigger below 172 levels
Trgt @ 142 - 138
Stop 190
CMP 177
RR : 2R
Technical Analysis of M&M FinanceFrom the daily chart of M&M FIN, we can confirm the uptrend and RSI confirmation to buy has been crossed.
Wait for the stock to cross the trend line, as shown in the photo, after crossing it, buy the stock with the target of next resistance line.
Keep an eye on it.
