HomeNewsBusinessMarketsFutures Trade | An ascending triangle breakout trade in M&M Finance

Futures Trade | An ascending triangle breakout trade in M&M Finance

Mahindra & Mahindra Finance is emerging out of an ascending triangle at the support of a previous swing high and at a rising moving average.

Moneycontrol Contributor

March 22, 2021 / 07:32 IST

Futures Trade | An ascending triangle breakout trade in M&M Finance

PNB Gilts | Rating agencies ICRA and CRISIL on March 16, 2021, reaffirmed the credit ratings of "ICRA A1+" and "CRISIL A1+", respectively, assigned to Rs 1,000 crore commercial paper programme of the company. The announcement was made post market hours, so the stock did not react to the news development. It closed 1.26 percent lower at Rs 50.80 on March 16. It hit a 52-week high of Rs 61.45 on February 8, 2021, and a 52-week low of Rs 21.50 on March 23, 2020. The market-cap of the company stands at Rs 914.45 crore. In terms of technical charts, the current rating by Moneycontrol on the stock is 'neutral'. The important support levels for the stock are placed at Rs 50.97 and Rs 50.48, while resistance is placed at Rs 52.22 and Rs 52.98, data on moneycontrol.com showed. (Image: Shutterstock)

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