At 11.15 am Monday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally on the lower side as the Asian markets were jilted due to the data released by China, indicating that the Chinese factory activity had contracted in the month of April.  

Since 2018 Mahindra and Mahindra Financial is consistently making a series of lower highs and lower lows. Presently it is trading near its three-year down trendline. Is it likely to give a breakout? Let’s find out.