1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

M&M

Discussion in 'Technical Analysis' started by sujan4bw, Aug 9, 2012.

Tags:
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    M&M can be considered for short term 2 - 3 days.

    Break out of previous high today. M&M posted good results this time too.

    Regards
    Sujan
     
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    On the results day you should be avoiding it. I have explained that why in my ebook
     
  3. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thanks Shabbir for notifying. Will wait and see.
     
  4. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    M&M rocking today. We can see W pattern, please find attached screen shot.

    It is trading at 762 now.
     

    Attached Files:

    • M&M.jpg
      M&M.jpg
      File size:
      79 KB
      Views:
      163
  5. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Another Breakout pattern formed in M&M today.
     

    Attached Files:

    • M&M.jpg
      M&M.jpg
      File size:
      41.8 KB
      Views:
      165
  6. aveerareddy9

    aveerareddy9 New Member

    Joined:
    Aug 10, 2012
    Messages:
    42
    Likes Received:
    0
    suggest us any call option for M&M
     
  7. smuthukri

    smuthukri Active Member

    Joined:
    Aug 13, 2012
    Messages:
    63
    Likes Received:
    35
    Looks like market in profit booking and friday mood .
     
  8. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Wait and watch Monday's sentiment ....accordingly u can take posiiton.
     
  9. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Shabbir, What's your view on M&M . Today breakout with high volume.
     
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    880 is good level but SL is 820 and that is slightly lower for me. Still a good breakout I would say.
     
  11. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    M&M is Rocking today.