Goal: Rs 3,225
Cease loss: Rs 3,027
Mahindra & Mahindra (M&M) is at present forming a Flag & Pole chart sample on the each day timeframe, signaling the potential for a continuation of the prevailing uptrend. Within the newest session, the inventory closed with a robust bullish candlestick, accompanied by quantity above the 20-day common, highlighting energetic shopping for curiosity. Technically, the inventory is buying and selling above its 20, 50, 100, and 200-day EMAs, reinforcing the power of the continuing bullish development. Moreover, the Relative Power Index (RSI) is at 60.08 and trending upward, indicating enhancing bullish momentum and a optimistic outlook within the close to time period.
(Drumil Vithlani, Technical Analysis Analyst at Bonanza)
