Mahindra & Mahindra daily chart, ₹2,900 is a strong support

The blue trendline connects the previous swing lows, and price has repeatedly taken support around ₹2,900–₹2,950, showing that buyers have been active in this area. The current price near ₹3,160 is still above this support, so the broader structure remains protected as long as ₹2,900 holds. A bounce from ₹2,900 with strong buying volume can support a recovery toward ₹3,300–₹3,400 and then ₹3,500. However, a decisive daily/weekly close below ₹2,900 with volume would indicate a trendline breakdown and could weaken the structure significantly. In simple terms: ₹2,900 is the key demand/support zone; holding it keeps the possibility of a rebound alive, while a breakdown can signal further weakness.