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Mahindra and Mahindra Ltd

BUY 25 AUG 3300 CALL SELL 25 AUG 3400 CALL Entry Range (Outflow) 38 - 42 Target 75 Stop Loss 20

Rationale

1. M&M continued its positive momentum with sustained trading above 20-DEMA as well as 50-DEMA, indicating improving short-term trend strength. The stock is forming a higher high and higher low structure, while sustained buying interest suggests that bulls are gradually regaining control.

2. Momentum indicators remain supportive, with the RSI hovering near the 60 mark, reflecting strengthening buying momentum without entering the overbought zone. The MACD has witnessed a positive crossover and the rising histogram indicates improving bullish sentiment, supporting the possibility of further upside in the coming sessions.

3. On the daily chart, the stock prices has witnessed breakout above 1m high and settled near day high, suggesting bullish continuation towards its recent swing high of 3400 mark in the near term. So traders are advised to maintain buy in ATM call option with buy on dip approach and sell the call option of immediate hurdle zone.

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