Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105

2024-08-09 10:37:01 am | Source: Religare Broking

Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking

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Mahindra And Mahindra Ltd

* Auto pack has been underperforming the markets and M&M is also facing the heat.

* The stock has given a breakdown from a trend reversal pattern after been in a steady up move for months.

* It has slipped below its short-term moving averages suggesting weakness in trend.

* We thus recommend creating shorts through the Put option.

Buy Mahindra And Mahindra Ltd CMP 71.70 Range 68-72 SL 55 Target 105

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Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking

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