🎯 TECHNICAL CALL: MAHINDRA & MAHINDRA LTD (NSE: M&M)
CMP: ₹3,463.90
TIMEFRAME: Positional (3-6 Months)
PATTERN: Double Bottom Reversal & Horizontal Breakout
--- OPTION 1: BREAKOUT MOMENTUM BUY ---
▪️ BUY ZONE: ₹3,440 - ₹3,470
▪️ STOP LOSS: ₹3,320 (Daily Close Basis)
▪️ TARGET 1: ₹3,840
▪️ TARGET 2: ₹4,150
▪️ RISK/REWARD: 1 : 2.8
--- OPTION 2: ACCUMULATE ON DIP / RETEST ---
▪️ BUY ZONE: ₹3,380 - ₹3,420
▪️ STOP LOSS: ₹3,240 (Daily Close Basis)
▪️ TARGET 1: ₹3,840
▪️ TARGET 2: ₹4,150
▪️ RISK/REWARD: 1 : 2.8
📌 Summary: Decisive weekly breakout above ₹3,400 after defending the double bottom base at ₹2,880. Structure points toward an extension toward the ₹3,840 ATH zone.
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CMP: ₹3,463.90
TIMEFRAME: Positional (3-6 Months)
PATTERN: Double Bottom Reversal & Horizontal Breakout
--- OPTION 1: BREAKOUT MOMENTUM BUY ---
▪️ BUY ZONE: ₹3,440 - ₹3,470
▪️ STOP LOSS: ₹3,320 (Daily Close Basis)
▪️ TARGET 1: ₹3,840
▪️ TARGET 2: ₹4,150
▪️ RISK/REWARD: 1 : 2.8
--- OPTION 2: ACCUMULATE ON DIP / RETEST ---
▪️ BUY ZONE: ₹3,380 - ₹3,420
▪️ STOP LOSS: ₹3,240 (Daily Close Basis)
▪️ TARGET 1: ₹3,840
▪️ TARGET 2: ₹4,150
▪️ RISK/REWARD: 1 : 2.8
📌 Summary: Decisive weekly breakout above ₹3,400 after defending the double bottom base at ₹2,880. Structure points toward an extension toward the ₹3,840 ATH zone.
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Disclaimer
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.