Buy M&M Financial Services, stock likely to move higher: Sameet Chavan

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26 Aug, 2025 12:21

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Sameet Chavan
Chief Analyst, Technicals and Derivatives at Angel Broking
Since the early part of February; Mahindra & Mahindra Financial Services has been cementing its positions around the ‘200-SMA’ on the daily chart. Due to last two days strong up move, the stock prices finally moved out of the congestion zone; thereby confirming short-term trend reversal in the counter.

M&M Finance Ltd: Buy | Target: Rs 486| Stop loss: Rs 440 | Return 5%

The volumes have risen reasonably in this course of action; providing credence to the up move. The weekly chart now looks quite encouraging and hence, the stock is well poised for a decent move in the near term. One can look to go long around Rs 456 for a target of Rs 486 by following a strict stop loss of Rs 440.

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