M&M – Techno-Funda Summary

1️⃣ Market Structure Strong rally previously, followed by fresh breakout above ₹3615. Currently doing a deep retest of the same zone. 2️⃣ Price Behaviour Price struggling to hold above ₹3615 retest zone. Sellers active repeatedly after the November top near ₹3790. Short-term weakness but still within a broader bullish structure. 3️⃣ Key Levels Retest Support: ₹3615 Major Support: ₹3380 Resistance: ₹3790 Fresh Breakout Zone: ₹3615 4️⃣ Techno-Funda Verdict EMA, SAR, MACD → bearish, showing short-term trend weakness. RSI → bullish, meaning buyers defending dip zones. Fundamentals: M&M strong in SUV demand cycle, farm equipment stable. 📌 Verdict: NEUTRAL TO SLIGHT BEARISH SHORT TERM Holding ₹3615 is crucial. Losing it may open a move toward ₹3380.