M&M looks set to break new highs as the stock currently trades at its ATH, but to sustain and break it, the stock needs to have one minor pullback till the MA9, to gather momentum and get the weak hands off the stock.
I have two targets for M&M after it retraces to MA9 and breaks out from the ATH zone with good volumes.
The #NIFTYAUTO chart looks good too and it is also at its ATH, showing momentum in Auto stocks.
All About Indices - chart - 14936403