Mahindraandmahindra
M & M : Bullish BreakoutNSE:M_M
Hi Traders,
MAHINDRA & MAHINDRA remained range-bound throughout month. Now, it break resistance, close above resistance and make a new high as well.
Entry and target level on chart.
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M_M MAHINDRA &MAHINDRA - V shape recovery to Pre Pandemic LVL 🚀This has shown a fast and upward movement V shape recovery to its pre pandemic levels. Resistances have been broken. candles look bullish on daily chart. Targets on the chart
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisors. Risk it for the biscuit.
Mahindra & Mahindra: RSI DivergenceStock was continuously in uptrend & now in conolidation phase with very less movements.. Significant decline in volumes observed.
Even though Price is in upmove, RSI is in downtrend .. Thus there is a divergence between Price and RSI indicating weakness in the scrip.
A correction is expected till bottom of the rectnagle zone till 585 levels.
If it breaks the bottm support , will cause a breakdown.