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Mahindra & Mahindra Limited (M&M) — Technical Setup
₹3,052 -0.80% Strong Downtrend Volatility Expansion Strong bearish
Summary
Mahindra & Mahindra Limited is in a strong downtrend on the daily chart, with the weekly trend neutral and the monthly trend bearish. RSI(14) is 30.5, MACD is below its signal line, ADX reads 42 (trending). The stock trades 7.5% below its 200-day average and 20.5% below its 52-week high. Volume in the latest session was 1.7× its 20-day average. Over three months it has outperformed the Nifty 50 by 2.5 percentage points. Nearest support is ₹3,032.20 and resistance ₹3,079.40. Its technical score is 22/100 (strong bearish).
🧮 How the 22/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (-3.80)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-7.55)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (42.15)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (30.48)0/6
- MACD line above its signal line0/4
- MACD line above zero (-72.41)0/3
- 12-day rate of change positive (-4.33)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (2.49)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.28)0/5
- More volume on up days than down days (20 sessions) (0.40)0/5
- Close above 20-day VWAP (-4.48)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.06)6/6
- Price in the upper half of its Bollinger Bands (0.20)2/5
- Shallow drawdown from the 52-week high (-20.52)1/5
- Volatility contracting (20-day volatility below its 6-month median) (7.20)4/4
- Room to the next resistance (≥8% scores full) (0.90)0/5
- Support close below (a tight, definable stop) (0.65)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-20.52)0/5
🧭 Regime: Strong Downtrend
Volatility Expansion — Bollinger width is in the 88th percentile of the last six months.
Suits: Avoid longs / trend-following shorts. A strong downtrend: rallies are usually sold. Long setups need a completed reversal pattern first.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the SuperTrend (10,3) rules for M&M — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 57.62 | -62.41 |
| Weekly | ◆ Neutral | 41.61 | -5.64 |
| Daily | ▼ Bearish | 30.48 | -15.50 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 14.47.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
M&M ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹3,393.65 | +11.2% | 4 |
| Resistance | ₹3,292.35 | +7.9% | 2 |
| Resistance | ₹3,191.10 | +4.6% | 4 |
| Resistance | ₹3,079.40 | +0.9% | 1 |
| Close | ₹3,052 | — | |
| Support | ₹3,032.20 | −0.7% | 3 |
| Support | ₹2,906.75 | −4.8% | 4 |
52-week range: ₹2,896 – ₹3,840 (-20.52% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹2,900.40 (2026-06-11) to ₹3,534.60 (2026-08-10). Price has retraced 76.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹3,384.93 | +10.9% | S/R confluence |
| 38.2% retracement | ₹3,292.34 | +7.9% | S/R confluence |
| 50.0% retracement | ₹3,217.50 | +5.4% | S/R confluence |
| 61.8% retracement | ₹3,142.66 | +3.0% | |
| 78.6% retracement | ₹3,036.12 | -0.5% | S/R confluence nearest |
| 127.2% extension | ₹3,707.10 | +21.5% | |
| 161.8% extension | ₹3,926.54 | +28.6% | |
| 200.0% extension | ₹4,168.80 | +36.6% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-10-14 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Bearish Marubozu 2026-09-15 bearish Moderate · 45
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bullish 2026-09-02 → 2026-09-15₹3,142.50 → ₹3,029.50
📐 Chart pattern
- Triple Bottom weeklyforming
- Double Top dailybreakout down · target ₹2,952
✅ Screens M&M passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| SANSERASansera Engineering Limited | ₹4,260 | +6.03% | 90 | Strong Uptrend | 97.00 |
| TALBROAUTOTalbros Automotive Components Limited | ₹476.70 | +9.54% | 86 | Uptrend | 92.00 |
| VELJANVeljan Denison | ₹1,941 | -1.87% | 85 | Strong Uptrend | — |
| KROSSKross Limited | ₹239.19 | -1.18% | 84 | Strong Uptrend | 81.00 |
| RMLRane (Madras) Limited | ₹1,324 | +3.33% | 80 | Strong Uptrend | 92.00 |
| MENONBEMenon Bearings Limited | ₹316.85 | +3.87% | 77 | Strong Uptrend | 98.00 |
| RACLGEARRACL Geartech Limited | ₹1,761 | -3.72% | 77 | Strong Uptrend | 92.00 |
| SHARDAMOTRSharda Motor Industries Limited | ₹967.05 | +1.97% | 77 | Strong Uptrend | 66.00 |
| VARROCVarroc Engineering Limited | ₹861.55 | +1.82% | 77 | Strong Uptrend | 89.00 |
| LGBBROSLTDLG Balakrishnan & Bros Limited | ₹1,730 | +0.69% | 75 | Uptrend | 65.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
