M&M

M&M – Techno-Funda Summary (Bullish Bias)

Technical View: Price taking support near 3668–3672 zone and bouncing with strength. All indicators (EMA, RSI, MACD, Parabolic SAR) show clear bullish momentum. Immediate resistance around 3783; breakout above this can trigger further upside. Fundamental View: Strong leadership in SUV segment, improving rural demand, and premium valuations supported by consistent earnings growth. Tractor segment cyclical but stabilizing. Verdict: Bullish → Buy on dips near 3670–3700 with target towards 3780+