Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd
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Mahindra and Mahindra Ltd
* M&M has been in steady uptrend from past more than four months with rise in volumes.
* It has given a breakout from bullish Flag pattern holding above its short term moving average i.e. 20 DEMA.
* Price pattern coupled with supportive volumes suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone
Buy Mahindra and Mahindra Ltd CMP 1560.85; Range 1555-1560; SL 1520; Target 1645
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