Will Mahindra & Mahindra keep the uptrend?
In the analysis of this stock we have noticed the format of two curves from September 2018 to February 2021 and from February 2021 to October 2021.
Until this period, we have a resistance at 956, and we have a huge drop of the stock due to the COVID phase but it was consolidated.
Then from March 2022 we notice a huge bullish trend, so to verify whether this will follow or not, we drew two trend lines and we opted for the Fibonacci Extensions in order to see at what point should we exit the trend.
What we can expect is that the price will reach the line at 1308 then will drop to follow the trend line and continues the raise
Until this period, we have a resistance at 956, and we have a huge drop of the stock due to the COVID phase but it was consolidated.
Then from March 2022 we notice a huge bullish trend, so to verify whether this will follow or not, we drew two trend lines and we opted for the Fibonacci Extensions in order to see at what point should we exit the trend.
What we can expect is that the price will reach the line at 1308 then will drop to follow the trend line and continues the raise
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