MTF Stock Pick Buy Mahindra Holidays & Resorts India Ltd For Target Rs. 340 - HDFC Securities
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MTF Stock Pick Buy Mahindra Holidays & Resorts India Ltd For Target Rs. 340 - HDFC Securities
TECHNICAL OBSERVATIONS
Triple Top resistance of 255 is taken out on the monthly charts
Volumes have confirmed the breakout on the weekly and monthly charts
Stock broke out from the resistance in the month of May 2021, then showed running correction in the month of June and Now in the current month of July, it has resumed the uptrend
Hotels and Hospitality stocks have started showing traction after long time
Indicators and oscillators have been showing strength in the current uptrend
Flag pattern breakout is seen on the daily chart
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy Mahindra Holidays & Resorts India Ltd Up to 3 Months @ Average level 250 CMP 268 TGT 340 SL 241
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