01-01-1970 12:00 AM | Source: Religare Broking Ltd
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd
News By Tags | #420 #7 #5695 #3050

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Mahindra and Mahindra Ltd

* M&M has been gradually inching higher from last more than 4 months with noticeable surge in volumes.

* After hitting an all-time high in August, it retraced towards its medium term moving average and now has registered breakout from a intermediate down sloping trendline.

* The recent price action coupled with positive momentum indicates the bullish tone to continue in near future.

* We thus advise creating fresh longs in the mentioned zone.

BUY Mahindra and Mahindra Ltd 3000 CE CMP 1546.85 Range 1543-1548 SL 1508 Target 1620

 

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