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Umang Bhutada

6th Nov · SEBI-Registered Analyst

M&M | TECHNO-FUNDA ANALYSIS

Mahindra & Mahindra Ltd – 1W

M&M
Trend Description: Mahindra & Mahindra is maintaining a strong long-term uptrend, trading above the recent breakout zone. After consolidating near the ₹3,723 resistance, the stock is showing strength with higher lows, indicating continuation potential if momentum sustains. Support and Resistance Levels: Support: ₹3,383 / ₹2,644 Resistance: ₹3,723 Expected Move: Sustaining above ₹3,723 could open the next leg of the rally toward ₹3,950–₹4,000. A breakdown below ₹3,383 may lead to a retest of ₹2,644. Short Fundamentals Summary: Mahindra & Mahindra remains a key player in the auto and farm equipment sector, supported by robust SUV demand, leadership in the tractor segment, and improving profitability. Electrification initiatives and exports add long-term growth potential. Final Verdict: 📈 Bullish bias — Above ₹3,723, M&M could aim for ₹3,950–₹4,000; maintain ₹3,383 as strong positional support.

#TechnicalViews#FundamentalViews
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