Expecting a Bullish Move in MAHINDRA & MAHINDRA

On the 1 Hour Chart of MAHINDRA & MAHINDRA, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 853.60, 868.90, and 885.60. In addition to this, the stock may face a support at the level of 814.95, on the closing basis. Closing Price (as on 14.12.21) : 836


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Comment:

MAHINDRA & MAHINDRA has successfully reached its predicted 1st level of resistance, reflecting an uprise of 2.11% approx. CMP - 842.90; High 853.7