📊 Mahindra & Mahindra (M&M) | 1H Technical Analysis
Mahindra & Mahindra has delivered a strong breakout above the recent resistance zone around ₹3,216 after spending several sessions in consolidation. The breakout is supported by bullish price structure, indicating buyers have regained control in the short term.
The previous resistance between ₹3,203–₹3,216 has now turned into an important support area. As long as the price sustains above this zone, the bullish momentum remains intact and the probability of continuation towards higher levels increases.
Key Support:
• ₹3,216
• ₹3,203
• ₹3,079 (Major Swing Support)
breakdown below ₹3,203 could lead to profit booking and a retest of ₹3,079.
⚠️ This analysis is based purely on price action and chart structure. Always wait for confirmation and follow proper risk management before taking any trade.
Mahindra & Mahindra has delivered a strong breakout above the recent resistance zone around ₹3,216 after spending several sessions in consolidation. The breakout is supported by bullish price structure, indicating buyers have regained control in the short term.
The previous resistance between ₹3,203–₹3,216 has now turned into an important support area. As long as the price sustains above this zone, the bullish momentum remains intact and the probability of continuation towards higher levels increases.
Key Support:
• ₹3,216
• ₹3,203
• ₹3,079 (Major Swing Support)
breakdown below ₹3,203 could lead to profit booking and a retest of ₹3,079.
⚠️ This analysis is based purely on price action and chart structure. Always wait for confirmation and follow proper risk management before taking any trade.
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.
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.