M&M - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a detailed technical analysis of Mahindra & Mahindra Ltd (M&M) based on current indicators and chart behavior

📊 Trend Overview

Current Trend: Strong uptrend

Phase: Trending with bullish momentum

Bias: Positive, supported by breakout above key moving averages and strong fundamentals

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹3,358

200 DMA: ₹3,062

Current Price: ₹3,642

Price is well above both DMAs → confirms bullish trend

Strong slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 63.7

Bullish zone, but not overbought → room for further upside

Indicates sustained buying interest

🔹 MACD (Moving Average Convergence Divergence)

MACD: 96.2

Strongly positive → confirms bullish momentum

Histogram shows widening → trend strength increasing

🔹 Bollinger Bands

Price is near upper band → bullish breakout zone

Bands expanding → rising volatility, often precedes continuation

🔹 Volume Trends

Current Volume: 27.0 lakh

1-Week Avg Volume: 26.2 lakh

Volume is stable and supportive of trend

No signs of exhaustion or divergence

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 3,550 Minor pullback zone

Support 2 3,358 50 DMA, strong base

Resistance 1 3,724 52-week high, immediate ceiling

Resistance 2 3,850 Projected breakout target

Resistance 3 4,450 Analyst target zone

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🎯 Entry & Exit Zones

Optimal Entry Zone: ₹3,550–₹3,580 (on pullback near support)

Exit Zone / Profit Booking: ₹3,850–₹4,450 (resistance and target zone)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from volume and MACD

Volatility: Increasing, favoring active swing trades

🧭 Conclusion

M&M is currently trending strongly upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹3,550 with targets around ₹3,850–₹4,450.

Sources

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Would you like to set trailing stop-loss levels or compare this with other auto sector leaders like Tata Motors or Maruti?

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The Economic Times

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in.tradingview.com

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in.investing.com

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