Warning-
as we can see that M&M is currently showing signs of base formation after recent correction, where downside momentum is slowing and buyers are gradually stepping in. Despite short-term weakness, the broader structure remains supportive for a pullback rally.
On the technical front, RSI is hovering around 52–55 levels, indicating a neutral-to-bullish zone, which means the stock is neither overbought nor weak, leaving room for upside expansion . This type of RSI setup often supports trend resumption after consolidation.
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.