Mahindra & Mahindra – Technical Analysis

The stock

is in a bearish trend on the daily chart with lower highs and lower lows since its August peak near ₹3530. The stock recently fell toward ₹2750–2800 and is now showing a small recovery around ₹2900. However it remains below key medium- and long-term moving averages so the broader trend is still weak. Support & Resistance: Immediate support lies around ₹2850–2800 followed by ₹2750. On the upside ₹2920–2950 is the first resistance zone, followed by ₹3000–3050. A sustained breakout above ₹2950 could improve short-term momentum. Short-Term Buyers & Holders View: Short-term buyers can wait for a sustained move above ₹2950 with strong volume before considering fresh entry. The current recovery needs confirmation as the stock remains below major resistance levels. Holders should monitor the ₹2800 support zone a breakdown below it could lead to further weakness.