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Stock analysis Mahindra & Mahindra Limited MnM

More indepth analysis on MunafaSutra.com

Moving Averages for Mahindra & Mahindra Limited

  • 5Day Average: 3030.17
  • 12Day Average: 3085.91
  • 20Day Average: 3100.05
  • 50Day Average: 2899.43
  • 100Day Average: 2856.26
  • 150Day Average: 2631.54
  • 200Day Average: 2413.55

MnM Indicators & signals

Indicator MACD (12,26,9)

3056.49, 3018.96, 67.39
Indicator MACD is in positive zone

Indicator ADX (14)

18.22, 17.58, 25.41
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MnM Mahindra & Mahindra Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Mon Oct 2024 2998.20 2892.90 to 3001.40 1.15% 1.74 times
18 Fri Oct 2024 2964.25 2914.70 to 2988.85 -0.01% 1.17 times
17 Thu Oct 2024 2964.60 2952.20 to 3065.30 -3.37% 1.25 times
16 Wed Oct 2024 3068.00 3052.15 to 3147.90 -2.78% 0.68 times
15 Tue Oct 2024 3155.80 3086.55 to 3192.95 0.03% 0.77 times
14 Mon Oct 2024 3154.90 3115.00 to 3174.00 0.66% 0.83 times
11 Fri Oct 2024 3134.35 3121.00 to 3210.50 -1.88% 0.57 times
10 Thu Oct 2024 3194.30 3155.00 to 3220.30 1.31% 0.86 times
09 Wed Oct 2024 3153.00 3145.00 to 3204.30 -0.41% 0.84 times
08 Tue Oct 2024 3165.85 3066.00 to 3176.90 3.45% 2.09 times
07 Mon Oct 2024 3060.20 2982.90 to 3066.95 1.42% 0.94 times
04 Fri Oct 2024 3017.45 3009.50 to 3157.60 -3.59% 1.47 times

Technical analysis forecast for Mahindra & Mahindra Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mahindra & Mahindra Limited MnM at this time. Stock is falling and might fall more.

It appears as if Mahindra & Mahindra Limited MnM gave a large move recently.

Stock of Mahindra & Mahindra Limited (MnM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mahindra & Mahindra Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2968.7 as stoploss in an intra day buy trade for a target of 3040.1. However, stock will show a bearish move below 2968.7.

More indepth analysis on MunafaSutra.com