Mahindra and Mahindra Breakout!!
Following long-term consolidation from Feb 21 to Sep 21. On its trendline, M&M stock price has given a breakout.
Stock price has formed a pennant pattern, with support at 734.
The fundamentals of the stock are below average and do not point in one direction.
Breakouts prior to the results of FY21Q2 can be considered positives for bulls.
A sustained price above 810 with increasing volumes could lead to further up-moves to 990, 1080, and 1160 levels.
Stock price has formed a pennant pattern, with support at 734.
The fundamentals of the stock are below average and do not point in one direction.
Breakouts prior to the results of FY21Q2 can be considered positives for bulls.
A sustained price above 810 with increasing volumes could lead to further up-moves to 990, 1080, and 1160 levels.
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