Mahindra & Mahindra has broken out of a downward-sloping channel and is showing signs of a potential upside move, according to SEBI-registered analys Tuesday, 02 January 2024 12:17 GMT عربي ...

Yes, the stock of Mahindra and Mahindra has given a downward sloping trendline breakout on a daily scale. This breakout is confirmed by robust volume. In addition, it has formed a sizeable bullish ...

Mahindra & Mahindra, Axis Securities said, has exhibited a breakout above the 'Falling Channel' at Rs 2,850 on the weekly chart, accompanied by a strong bullish candle.

On the weekly chart, Tech Mahindra has broken out above a medium-term downward-sloping trendline at ₹ 1,350 with a strong bullish candle, indicating the onset of an uptrend.

Additionally RSI also broke through its downward-sloping trendline, generating a buy signal and further confirming the bullish outlook. The above analysis indicates an upside of 1570-1635 levels.

Nifty 50 index opens flat at 24,274, gains 0.2% to 24,320; Adani Enterprises top gainer, Mahindra & Mahindra top loser. Nifty futures can rally to 24,620 For a better experience, Read this story ...