M & M - Expecting reboundStock has nearly corrected itself between 10 to 12%
Now approaching an area which is a support in Daily / Weekly / Hourly as well
Expecting the fall to stop here for sometime go side ways before turning back up (depending upon the market situation)
Or may continue its journey downwards again
Lower TF confirmation (15 Mins) is compulsory to enter the trade
Downside final support can be accounted as 2850
If takes support it can easily go back up to 2955 - 3020
Volatility is High. Trade is against the trend, so trade cautiously
Mahindragroup
Manindra & Mahindra LTD Technical Analysis #Mahindra & Mahindra (M&M) is a prominent Indian multinational corporation, known for its diverse range of products and services.Manufactures and sells a wide range of vehicles including SUVs, pickup trucks, commercial vehicles, and electric vehicles. They are known for their utility vehicles, holding a leadership position in India by revenue market share. Here's an Chart overview based on recent information
Mahindra Logistics long Mahindra logistics long
Stoploss 340
Target 1: 396
Target 2 : 420
Price standing at crucial support
already given 1 false breakout, so all weak players are out.
ATH is 821. stock available at good discount.
weak financials since few quarters.
But, already discounted in stock price. forecast finacials are good, so price should move up.