Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
