Stock Radar: M&M stock on verge of breakout from Symmetrical Triangle pattern; time to buy?
Mahindra & Mahindra stock hit a high of Rs 3,221 on September 27, 2024, but struggled to sustain momentum, facing profit booking at higher levels. It found support around the 100-DMA in October, November, and December. A swift rally after testing the 100-DMA in December helped it reclaim the 21-DMA. The price action indicates a Symmetrical Triangle pattern, with the neckline near the 3,100 level.
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