Mahindra And Mahindra Ltd

Date : 20.01.2024
Timeframe : Day Chart
NSE: M&M

Remarks :
1 Broke 20 EMA & 60 EMA. Evolving bearish crossover between the two.
2 Broke Ichimoku Span.
3 Broke Descending Triangle base line.
4 Below 50% of entire Bullish consolidation zone.

Buy Condition : Above mean reversion of RSI + Resume Descending Triangle base from current situation OR If it touches base line of bullish consolidation along with RSI Oversold concept + at 200 EMA that time.

Short Condition : Keep 50% or base line of Descending triangle as Strict stoploss for carry forward trade/s.


December Auto Sales Numbers : Major 4 Wheelers Cos
For your reference & to compare it with January 2025 Month On Month Comparison

MAHINDRA :
DECEMBER TOTAL SALES 70,000 UNITS VS EST 77,800

MARUTI SUZUKI:
DECEMBER TOTAL SALES 1,78,300 UNITS VS 1,37,551 UNITS (YOY); EST 1,71,600

TATA MOTORS:
DECEMBER TOTAL SALES 78,164 UNITS VS 77,855 UNITS (YOY); EST 70,000



Regards,
Ankur