Mahindra & Mahindra (M&M) — Range Breakout on the Horizon 🚙

rose 2.1% to ₹3,757, bouncing sharply from the lower end of its recent consolidation band. The stock is showing early signs of a breakout setup with improving RSI and volume stability. Technical View: Price tested resistance near ₹3,770 for the third time — a potential breakout zone to watch. RSI (14) at 61.3, recovering from mid-zone; momentum improving. Volume support rising over past 3 sessions, confirming buying interest near support. Support: ₹3,690 | Resistance: ₹3,780–₹3,820 | Bias: Bullish bias, breakout watch. Fundamental View: M&M continues to outperform on SUV and tractor sales; farm equipment division remains robust. Focus on EV launches (XUV.e8, BE lineup) adds long-term upside potential. Strong cash flows, margin expansion, and new product pipeline keep outlook healthy. Analysts maintain targets in the ₹3,950–₹4,100 range. Outlook: A daily close above ₹3,780 could trigger fresh buying toward ₹3,900+. Short-term trend remains positive.