Stock Radar: M&M on verge of giving a Pole & Flag breakout; time to buy?
Short-term traders can look to buy the stock for a possible target above 2,900 in the 2-3 weeks, suggested experts.
Synopsis
M&M stock reached a high of Rs 3,013 in June but subsequently declined, finding support around 2,600 twice since. It recently rebounded from this level, and a sustained close above 2,800-2,850 could signal a breakout from a Flag pattern on the weekly charts.
Mahindra & Mahindra, a part of the automobile industry, has been consolidating for the last 14 weeks and is on the verge of giving a breakout from a Flag pattern on the weekly charts.Short-term traders can look to buy the stock for a possible target above 2,900 in the 2-3 weeks, suggested experts.M&M stock, which is also a part of the S&P BSE Sensex index, hit a high of Rs 3,013 recorded on June 13, 2024, but failed to hold on to the
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