Mahindra & Mahindra Ltd – 1D

Important Levels Resistance: ₹3,842 Immediate level: ₹3,549 Demand zone: ₹3,200–₹3,300 Major support: ₹2,631 Business Diversified auto major with leadership in SUVs, tractors, and growing EV play. Earnings Strong tractor cycle, SUV demand momentum, operating leverage visible in recent quarters. Verdict Price has reacted sharply from the ₹3,200 demand zone and is now testing ₹3,549 supply. Acceptance above this level can open a move back toward ₹3,800+. Rejection here may lead to another retest of the demand band.