M&M, CONFLUENCE OF TREND LINES. CAN IT BE NEXT BIG THING?

16 Tem 2020

1. M&M gave a strong breakout from 2 year long trend line in June'20. (YELLOW TL)
2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES)
3. Above 580, it has one hurdle running since Feb'19.

For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping to M&M from scaling new highs.

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