IGI Logo

MTF Stock Pick Buy Mahindra Holidays & Resorts India Ltd For Target Rs. 335 - HDFC Securities 

TECHNICAL OBSERVATIONS

The stock price (Mahindra Holidays & Resorts India Ltd) in a downward correction in the last one month.

Presently, the stock price is sustaining above the support of Rs 293 in the last two weeks. This is evident from a formation of long lower shadows in the last two weekly candles.

The stock price is forming a larger degree of higher tops and bottoms and recent swing low of this week at Rs 293 could be considered as a new higher bottom of the sequence.

Weekly 14 period RSI and ADX/DMI are showing positive indication. One may expect strengthening of upside momentum in the stock price ahead.

The overall chart pattern of MHRIL indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.

Buy Mahindra Holidays & Resorts India Ltd Up to 3 Months @ Add on dips 284 CMP 301.50 TGT  335 SL 277

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Above views are of the author and not of the website kindly read disclaimer