F&O Radar: Deploy Bull Call Spread in M&M to capitalize on potential up-move

Mahindra & Mahindra’s stock, after peaking in June, dipped but found support near its 50-day EMA at 2687 and started rising again. Presently, it faces resistance around 2,980 levels. Analyst Deven Mehata advises that surpassing this resistance could push the stock to 3020, recommending a Bull Call Spread strategy to capitalize on potential rises.