Once the monthly candle closes inside the megaphone📣.
We can see a dip, Double top will be activated in weekly candle.
In hourly time frame, Head and shoulder's neckline has been broken.
My view may go wrong, so do the analysis and make 💰 💰
NSE:M_M reacting from 4h supply.
6R if the external liquidity is extracted successfully.
I am not a SEBI registered advisor. Just having a passion to read the charts.
Mahindra & Mahindra bull view above 1533 for tomorrow 8th Aug
1518-1520 area will act as support... Avoid if break below 1518
Follow strict risk reward and stop loss
Charts for Educational purposes only.
Thanks,
V Trade Point
M_M
Pattern = Flag and Pole
Type = Bearish
Entry Level = 1536.60
Stop loss = 1556.35
Target 1 = 1500
Target 2 = 1465
always book 50% profit on 1 target and trail Sl Cost-2-cost and wait for 2nd target
We have seen 20% correction from the All Time High level of 1397 level and now Price near the support zone of 1120 -- 1145. If price consolidate between the range of 1150--1185 and than breaks the 1185 level than we can see upmove towards the upside and target will be 1215/1250/1300+
If price breaks the level of 1120 and closes than target will be 1080/1060+ ✅
We have seen 20% correction from the All Time High level of 1397 level and now Price near the support zone of 1120 -- 1145. If price consolidate between the range of 1150--1185 and than breaks the 1185 level than we can see upmove towards the upside and target will be 1215/1250+
If price breaks the level of 1120 and closes than target will be 1080/1060+...
Price is hovering around the resistance for last few days as the resistance is broken support line of many days and if the resistance is broken it can touch ATH and can go beyond ATH also
M_M --- View Positional Bearish
1) at time M_M chart making LL, LH Structure
2) 1200-25 Strong Support Now react as a Strong resistance
3) 200 EMA below still sustain
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