M&MFIN_on Monthly Timeframe

📈 Technical Analysis (Monthly)

1️⃣ Long-Term Structure (2007–2025)

The stock shows a multi-year secular uptrend with large consolidation phases:

2007–2010: Long accumulation phase at low levels

2010–2018: Strong trending move → major impulse to ~₹500

2018–2020: Deep correction & COVID crash

2021–2025: Re-accumulation & tightening range

Now (2025): Major breakout attempt from 8-year resistance

This signals a structural shift from consolidation to trend resumption.

🔵 2️⃣ Key Levels (Major Supply–Demand Zones)
Major Multi-Year Resistance (Broken Now):

₹310 – ₹330 zone

Tested in 2017, 2018, 2021, 2023, 2024, 2025

Strong multi-touch ceiling

Stock has finally closed above it on monthly, confirming breakout strength.

Immediate Support:

₹285 – ₹300 (previous resistance → now support)

Major Higher Targets (Monthly chart):

Based on historical price action & Fibonacci extensions:

₹395 – ₹410 (first measured move)

₹470 – ₹500 (major resistance + multi-year supply)

₹575 – ₹600 (long-term pattern target)

🟢 3️⃣ Breakout Quality Check
✔ Volume confirmation (if available):

Breakout candles like shown usually represent institutional participation.

✔ Momentum:

Current candle is a 14% impulsive breakout, not a weak marginal move.

✔ Structure:

Has been forming a multi-year cup-like base, now breaking the rim.

This is a high-probability breakout.

🧠 4️⃣ Price Pattern Interpretation
Pattern Type:

A Cup & Resistance Shelf on monthly timeframe.

Duration: ~8 years

Bases of this length cause powerful multi-year moves

Breakout from such a structure suggests long-term trend reversal and fresh bull cycle

📌 5️⃣ Risk Management (Pro Approach)

If someone were to trade (not a recommendation):

Entry: On monthly close above 330 or dips to 300–315 zone

Stop-loss: Below 285 (structural invalidation)

Risk–Reward:

Target 1: ₹395

Target 2: ₹470

Target 3: ₹575

RR > 3 on higher timeframes → very strong setup.

🥇 6️⃣ Professional Summary
This is one of the cleanest long-term breakouts for MNFS in the last decade.

Key Takeaways:

Multi-year resistance broken

High momentum monthly candle

Long consolidation → explosive breakout

Upside potential remains strong

Structure supports trend continuation

Bias: Strongly bullish as long as price sustains above ₹285–300 zone.