EXPECTING AN UPRISE IN M_M

As per the 2 Hour Chart of MAHINDRA & MAHINDRA, we have witnessed the Formations of “Hammer” as well as “Bullish Harami” on the chart. Therefore, we are expecting a bullish momentum in M_M in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 838.20, 842.95, and 850. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 827, on closing basis. Closing Price (as on 04.01.22) : 832.45


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Comment:

M_M has successfully reached its predicted 1st level of Resistance, reflecting an uprise of 0.69% approx.

Comment:

M_M has successfully reached its predicted 2nd level of Resistance, reflecting an uprise of 1.26% approx.