The total traded volume for the day stands at a staggering 87 lakh, which is the highest single-day traded volume in almost the last five months.

The stock also witnessed a triangular consolidation pattern of 27 trading sessions and has been trading above its 20-DMA. Moreover, the 20-DMA is on a rising trajectory. The daily 14-period RSI is seen rebounding after forming a base at the nine-period average thereby, supporting the positive bias.

The bottom line is that whether the stock is enjoying a period of luck just like Bumrah or something is really turning around for the company

The stock of Mahindra & Mahindra Financial Services Ltd jumped over 10 per cent in the last week. With this strong upmove, the stock has broken out of a nine-week consolidation and 33-week cup & handles-like pattern with a massive volume last week.  

Interestingly, the stock witnessed a faster retracement as it saw a correction of 35 per cent in 11 weeks and retraced its entire downmove in just two weeks, which signals strength as well as a robust price structure.   

You might be wondering why this stock requires special attention in the near future! Don’t worry, we’ll discuss the same in this article itself! 

Hence, if you are an investor who wishes to receive a bonus share in the pharmaceutical company

The stock has registered a fresh 52-week high. Interestingly, the volume traded for the day was the highest ever seen, which was close to 17.8 lakh shares.   

Double-digit gains returns in a matter of just a few trading sessions is a dream for any investors and especially, for the swing traders!

This growth was broad-based coming from both cost per converted user (CPCU) business and non-CPCU business across India as well as international markets.