M&M - Daily

The stock has turned bullish in the short term. Price is above both the 10 EMA and 20 EMA, showing improving buying strength. The 10 EMA is above the 20 EMA, which confirms that short-term momentum is stronger than the medium-term trend. The recent upward move is accompanied by a noticeable increase in volume. This suggests that the buying interest is genuine and gives more strength to the price move. RSI: RSI is around 67, showing strong momentum. Price is making higher highs and higher lows, while the RSI is also rising. This combination indicates healthy bullish momentum. When price is above the 10 & 20 EMA, volume expands on the rise, and RSI moves above 50, the setup generally becomes more bullish.