📉 Mahindra & Mahindra – Bearish Setup Analysis
Pattern Formation: A clear M pattern has formed near the major resistance zone around ₹3,293, indicating potential trend exhaustion.
Trendline Break: Price has decisively broken the rising trendline, signaling a shift from bullish to bearish momentum.
Support Zone: Next strong support lies near ₹2,903, which is also the target zone based on the M pattern breakdown.
Risk–Reward: Short entry considered around ₹3,140 with stop-loss above ₹3,293 (resistance zone) and target near ₹2,903 offers a favorable R:R setup.
Market Structure: Recent lower highs and lower lows after the M pattern support the bearish bias.
Confirmation: Watch for a possible pullback/retest towards the broken trendline before further downside movement.
Summary:
If the breakdown sustains below the trendline, M&M could see further downside towards ₹2,903. A failed breakdown (price closing back above ₹3,200) would invalidate this bearish setup.
Pattern Formation: A clear M pattern has formed near the major resistance zone around ₹3,293, indicating potential trend exhaustion.
Trendline Break: Price has decisively broken the rising trendline, signaling a shift from bullish to bearish momentum.
Support Zone: Next strong support lies near ₹2,903, which is also the target zone based on the M pattern breakdown.
Risk–Reward: Short entry considered around ₹3,140 with stop-loss above ₹3,293 (resistance zone) and target near ₹2,903 offers a favorable R:R setup.
Market Structure: Recent lower highs and lower lows after the M pattern support the bearish bias.
Confirmation: Watch for a possible pullback/retest towards the broken trendline before further downside movement.
Summary:
If the breakdown sustains below the trendline, M&M could see further downside towards ₹2,903. A failed breakdown (price closing back above ₹3,200) would invalidate this bearish setup.
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免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.