Mahindra Logistics — Critical Retest of Long-Term Supply Zone

After a prolonged downtrend, Mahindra Logistics has staged a strong rebound from the ₹230–₹250 demand zone. Price is now approaching a major confluence area where multiple technical barriers are clustering. Structure: The stock is testing the intersection of the long-term falling trendline and the rising support trendline from the recent recovery phase. This creates a decision zone where price either gets rejected again or transitions into a structural reversal. Key Zones: ₹420: Major overhead supply aligned with the long-term descending trendline. ₹375–380: High-volume node / POC area acting as an important pivot. ₹323: Structural support from the broader base formation. ₹250–260: Major long-term demand zone that triggered the recent rally. Momentum: RSI has moved above the 60 zone, indicating strengthening momentum after months of subdued price action. Sustaining above this level would support bullish continuation. Participation: The recovery has been supported by improving activity around the value area, suggesting accumulation interest returning near the base. The reaction near the falling trendline will likely determine whether this move evolves into a larger trend reversal or remains a rally within a broader corrective structure. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)