Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On a daily chart, the stock has formed a Bullish Harami Candlestick which is a Bullish Reversal formation and indicates a reversal move in the counter.
* Moreover, the stock has started to trade above its 21 Days Moving Average which is placed at 637.25 level which shows a positive rhythm for the time being.
* Even on an hourly chart, the stock has started to trade above it's 200 Hourly Moving Average which is placed at 641 which suggests a northward movement in the counter.
* A daily momentum indicator RSI reading is at 51.70 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy Mahindra & Mahindra Ltd @ 636.55 Target 675 Stoploss 617
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer