๐ M&M โ Technical & Educational Snapshot
Ticker: NSE: M&M | Sector: ๐ Auto
CMP: โน2,7XX (as of 16 Aug 2025)
Rating (for learning purpose): โญโญโญโญ
Pattern Observed: ๐ Rising Wedge Formation (Bearish Reversal Case Study)
๐ Key Reference Levels (For Learning)
Support / Breakdown Zone: Lower wedge trendline
Resistance / Rejection Zone: Upper wedge trendline
Bearish Projection (Case Study): ~โน2,410
Bullish Continuation (Alternative View): ~โน3,300
๐ Pattern Observations
โ Price forming higher highs & higher lows but within converging trendlines
โ Momentum slowing โ smaller swings inside wedge
โ Typical bearish reversal structure (confirmation needed)
โ Volume + RSI divergence can add conviction
๐ STWP Trade Analysis (Educational Illustration Only)
1๏ธโฃ Bearish Breakdown (Primary Scenario)
Observation: Breakdown below wedge support often studied as bearish signal
Stop Loss (Learning Reference): Above upper wedge / recent swing high
Downside potential: โน2,410 (measured move projection)
2๏ธโฃ Bullish Breakout (Alternative Scenario)
Observation: Breakout above wedge resistance may lead to continuation
Stop Loss (Learning Reference): Below wedge / recent swing low
Upside potential: โน3,300
๐ Risk Management & Confirmation
Traders typically wait for daily close outside wedge boundaries
Volume confirmation is key โ spikes above average strengthen the move
RSI divergence often adds confidence to the setup
๐ Summary (Learning View Only)
The M&M Rising Wedge is a classic reversal study.
Key lesson: A wedge pattern teaches how slowing momentum can shift market control โ but confirmation with volume + price close is essential before validating either direction.
โ ๏ธ Disclaimer โ Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading โ whether in stocks or options โ carries risk. Markets can move unexpectedly, and losses can sometimes be larger than the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works โ practice on paper trades before risking real money. If you are an experienced trader, remember to assess your own risk, position sizing, and strategy suitability before entering any trade.
Consult a SEBI-registered financial advisor before making any real trading decision.
By reading, watching, or engaging with this content, you acknowledge that you take full responsibility for your own trades and investments.
________________________________________
๐ฌ Found this useful?
๐ผ Give this post a Boost to help more traders discover clean, structured learning.
โ๏ธ Drop your thoughts, questions, or setups in the comments โ letโs grow together!
๐ Share with fellow traders and beginners to spread awareness.
โ Follow simpletradewithpatience for beginner-friendly setups, price action insights & disciplined trading content.
๐ Stay Calm. Stay Clean. Trade With Patience.
Trade Smart | Learn Zones | Be Self-Reliant ๐
Ticker: NSE: M&M | Sector: ๐ Auto
CMP: โน2,7XX (as of 16 Aug 2025)
Rating (for learning purpose): โญโญโญโญ
Pattern Observed: ๐ Rising Wedge Formation (Bearish Reversal Case Study)
๐ Key Reference Levels (For Learning)
Support / Breakdown Zone: Lower wedge trendline
Resistance / Rejection Zone: Upper wedge trendline
Bearish Projection (Case Study): ~โน2,410
Bullish Continuation (Alternative View): ~โน3,300
๐ Pattern Observations
โ Price forming higher highs & higher lows but within converging trendlines
โ Momentum slowing โ smaller swings inside wedge
โ Typical bearish reversal structure (confirmation needed)
โ Volume + RSI divergence can add conviction
๐ STWP Trade Analysis (Educational Illustration Only)
1๏ธโฃ Bearish Breakdown (Primary Scenario)
Observation: Breakdown below wedge support often studied as bearish signal
Stop Loss (Learning Reference): Above upper wedge / recent swing high
Downside potential: โน2,410 (measured move projection)
2๏ธโฃ Bullish Breakout (Alternative Scenario)
Observation: Breakout above wedge resistance may lead to continuation
Stop Loss (Learning Reference): Below wedge / recent swing low
Upside potential: โน3,300
๐ Risk Management & Confirmation
Traders typically wait for daily close outside wedge boundaries
Volume confirmation is key โ spikes above average strengthen the move
RSI divergence often adds confidence to the setup
๐ Summary (Learning View Only)
The M&M Rising Wedge is a classic reversal study.
Key lesson: A wedge pattern teaches how slowing momentum can shift market control โ but confirmation with volume + price close is essential before validating either direction.
โ ๏ธ Disclaimer โ Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading โ whether in stocks or options โ carries risk. Markets can move unexpectedly, and losses can sometimes be larger than the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works โ practice on paper trades before risking real money. If you are an experienced trader, remember to assess your own risk, position sizing, and strategy suitability before entering any trade.
Consult a SEBI-registered financial advisor before making any real trading decision.
By reading, watching, or engaging with this content, you acknowledge that you take full responsibility for your own trades and investments.
________________________________________
๐ฌ Found this useful?
๐ผ Give this post a Boost to help more traders discover clean, structured learning.
โ๏ธ Drop your thoughts, questions, or setups in the comments โ letโs grow together!
๐ Share with fellow traders and beginners to spread awareness.
โ Follow simpletradewithpatience for beginner-friendly setups, price action insights & disciplined trading content.
๐ Stay Calm. Stay Clean. Trade With Patience.
Trade Smart | Learn Zones | Be Self-Reliant ๐
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.