M&MFIN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.4

Here’s a detailed technical analysis of Mahindra & Mahindra Financial Services Ltd (M&MFIN)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong short-term momentum

Bias: Positive, supported by breakout above key moving averages and volume surge

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹265

200 DMA: ₹267

Current Price: ₹286

Price is well above both DMAs → confirms bullish trend

Golden cross already in place → long-term strength

🔹 RSI (Relative Strength Index)

RSI: 72.0

Overbought zone (>70) → strong momentum but caution for short-term pullback

Indicates trend strength, not necessarily reversal

🔹 MACD (Moving Average Convergence Divergence)

MACD: 5.20

Positive and rising → confirms bullish momentum

Histogram shows widening → momentum accelerating

🔹 Bollinger Bands

Price near upper band → strong upward move

Bands expanding → volatility increasing

Could signal continuation or short-term exhaustion

🔹 Volume Trends

Current Volume: 43.19 lakh

1-Week Avg Volume: 25.73 lakh

Volume spike confirms breakout strength

Institutional interest likely driving momentum

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 275 Minor pullback zone

Support 2 265 50 DMA, strong base

Resistance 1 295 Immediate resistance

Resistance 2 310 Previous swing high

Resistance 3 334 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹275–₹280 (on pullback near support)

Exit Zone / Profit Booking: ₹310–₹334 (resistance cluster)

🔍 Momentum Signals

Short-Term: Strong bullish momentum, but RSI suggests caution

Medium-Term: Trending upward with breakout confirmation

Volume: High volume supports sustainability of move

🧭 Conclusion

M&MFIN is currently trending strongly upward with bullish confirmation across all major indicators. While RSI suggests short-term caution, the MACD and volume trends support continuation. Traders may consider entering on dips near ₹275 with targets around ₹310–₹334.

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