📊 Mahindra & Mahindra Financial Services Ltd. – Approaching Multi-Year Resistance Zone

Mahindra Finance is trading just below a multi-year resistance zone around ₹325–₹330, which has capped all major rallies since 2022. The stock has shown strong upward momentum in recent weeks, reclaiming key moving averages and forming a potential ascending base structure. 🔹 Technical Overview Pattern: Broad Ascending Triangle / Resistance Retest Resistance Zone: ₹325–₹330 (multi-year ceiling) Support Zone: ₹290–₹295 (recent breakout base) Moving Average: Price trending well above 30-week SMA (₹270.4), confirming medium-term trend strength. Volume: Gradual increase on recent upswings – early sign of institutional interest. RS (Relative Strength): Now above zero line, indicating sectoral outperformance after prolonged underperformance. RSI: Strong momentum at 67, breaking past a multi-month downtrend, signaling bullish continuation. OBV: Trending upward, confirming accumulation along the base. 🔹 Interpretation ⚙️ Price is approaching a critical breakout level (₹325–₹330) — a zone that has historically triggered profit-taking. ⚙️ A decisive weekly close above ₹330 with strong volume would confirm a multi-year breakout, opening space toward ₹375–₹400 in the medium term. ⚙️ Indicators like RSI and RS are confirming internal strength, suggesting that the breakout could sustain this time. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)