Promise in Mahindra and Mahindra Finance

Chart -> Mahindra and Mahindra Finance Weekly

As we can see in the chart, whenever stock tried for an up move, it got rejected 6 times from the same resistance line in the last 4 years.

Now it has given a close above that trendline with a bullish marubozu candle, indicating completion of the bearishness.
One can accumulate in the medium to long term.

CMP: 197
A good range to add: 180 to 195
Targets: 220, 245, 268, 290
SL: 165 on weekly closing

Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.


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.