LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!
🔍 Technical Analysis Report: 
M_M
Current Overview: 📈M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
M_M Current Overview: 📈
M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
Dagangan aktif
Target 1 ActievedDagangan ditutup: sasaran tercapai
Target 2 achieved
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.
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.