Stock of the day : Buy Mahindra And Mahindra Ltd For Target Rs.20 By Religare Broking
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* M&M has been trading in a range of 1210-1350 levels for last 4 months while holding above medium term MA i.e. 100 EMA.
* Trading closer to lower band of the broader consolidation zone.
* The chart pattern and confirmation indicators are pointing toward profit taking ahead.
* We thus suggest creating a fresh short position through the Put option.
Buy Mahindra And Mahindra Ltd CMP (Rs):10.2 Range:6-8 SL:1 Target:20
Technical Chart :
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