Can We Consider M&M For A Short Or Long Term Investment?

M_M

M&M

On Weekly Chart Looks Strong Enough To Consider It For Short Or Long Term.

Stock In A Range Of 950-660 From Past 3-4 Months While At The Same Time Major Indexes Showing Good Fall.

And From Last Few Weeks We Are Seeing Good Bounce Back On Weekly Chart From Demand Area Of 727-660.

Which Indicates Stock Has A Good Strength As Compare To Benchmark Index.

In Months of May, July, Sep 2021 Though We Had See Similar Kind Of Bounce Back From Level of 727. Which Did Not Managed To Show Any Good Follow Through And We Had Seen Prices Rejecting From The Supply Area Of 890-950.

But Current Price Structure Looks Very Much In Favor Of Bulls Because Bears May Have Been Finally Wipe Out In A Week Of 7th March 2022.

Area Of 890-950 Can Still Be A Bit Of Hurdle For M&M And One Can Wait For Breakout To The Same Level.