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Unite Technologies Financial

13th Aug · SEBI-Registered Analyst

Technical Analysis Mahindra & Mahindra Financial Services

The stock

M&MFIN
is showing a strong bullish trend on the daily chart. After forming a major base around ₹280–300 the price has given a sharp breakout above the ₹340–350 zone with strong volume. It has continued to form higher highs and higher lows reaching around ₹410–415. Currently the stock is consolidating near the highs which is generally positive, although some profit booking can occur. Support & Resistance immediate support is around ₹390–385 while the stronger support zone is ₹375–360. On the upside, ₹410–415 is the key resistance zone. A sustained daily close above ₹415 with strong volume can open the way towards ₹425–440. If ₹415 is rejected the stock may consolidate or retrace towards ₹390–385. Short-Term Outlook: The setup remains bullish, but the stock is near resistance so chasing at current levels should be avoided. Buyers can look for a confirmed breakout above ₹415 or a healthy pullback towards ₹385–390. Holders can continue to hold with a trailing stop-loss below ₹385. A decisive close below ₹375 would weaken the current bullish structure.

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