Mahindra & Mahindra: Navigating a Sideways Channel
Topic Statement:
Mahindra & Mahindra's stock is rangebound, presenting clear opportunities for channel trading amidst stable third-quarter performance.
Key points:
1. The company reported a 21.7% profit growth in the third quarter.
2. The stock price is moving in a sideways channel, making channel trading straightforward.
3. Heavy resistance is observed at 3200, while 2700 acts as strong support.
Mahindra & Mahindra's stock is rangebound, presenting clear opportunities for channel trading amidst stable third-quarter performance.
Key points:
1. The company reported a 21.7% profit growth in the third quarter.
2. The stock price is moving in a sideways channel, making channel trading straightforward.
3. Heavy resistance is observed at 3200, while 2700 acts as strong support.
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