M&M Breakout Structure with Multiple Upside Targets

Mahindra & Mahindra is consolidating in a tight range above its rising trendline and key EMAs, forming a continuation structure after a strong impulsive rally. A decisive breakout above the immediate resistance zone can open a move first toward the trail target near 3,820–3,850 and then extend to higher objective zones around 4,020 (Target 2) and 4,200+ (Target 1), while a sustained close below the highlighted support band would negate the bullish setup and signal a deeper pullback.

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