Mahindra & Mahindra Ltd. - WEEKLY
Mahindra & Mahindra Ltd.
The stock has given a bullish breakout from the upward channel.
Technically the main trend is clearly BEARISH but the short term up momentum continues to maintain closing near the weekly high.
As of now, the price has breached 50MA: 505 (50MA) and presently trading on the verge of 522 resistance. Short term breakout supported by volume can add short term more demand to test 540 - 560 - 575 on the higher side. Trading 485 can halt short term up move.
On the lower side 500 - 485 - 440 are the supports.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
The stock has given a bullish breakout from the upward channel.
Technically the main trend is clearly BEARISH but the short term up momentum continues to maintain closing near the weekly high.
As of now, the price has breached 50MA: 505 (50MA) and presently trading on the verge of 522 resistance. Short term breakout supported by volume can add short term more demand to test 540 - 560 - 575 on the higher side. Trading 485 can halt short term up move.
On the lower side 500 - 485 - 440 are the supports.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.