Mahindra and Mahindra Analysis

Feb 8, 2021

M&M Stock Remained in the Sideways trend for a quite amount of time.

The Question comes is that Should I buy or short this stock Now??

Let's Discuss what is happening in the Market -->

• Now, M&M Stock is in Ascending Broadening Wedge Market Phase. It is in this Wedge Market phase in both Daily and Hourly Chart.
  
• Yellow Market Phase indicated from the 1-hr chart.
  
• Gray Wedge Market Phase is for Daily chart.
  
• We have a confluence that is both are telling the stock price will reverse from this point.
  
• RSI also indicates that it is at the resistance level which means that the Price may bounce to a downtrend.
  

So, One can Short one's trade for intraday and can book profit in the 2nd Demand level.

Have a Happy Trade, Share the alphadecodetrade with your friends.

Feb 12, 2021

Trade closed: target reached

As our Target was to short the stock and we did and booked our profit of 3.5% (approx).

Now, Price tested the Demand/Supply Level and still in the Ascending Broadening Wedge.
Now, Price is likely to go down but due to the Supply/Demand Level, It may take time.
So, It is best to wait and watch. If this stock breaks this Demand/Supply Zone then one can short the stock there.