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Stock of the day : Mahindra and Mahindra Financial Svcs Ltd For Target Rs.310 - Religare Broking
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Mahindra and Mahindra Financial Svcs Ltd
* After being in corrective phase for last five months, M&MFIN is now showing some sign of trend reversal.
* It has registered a decisive breakout from the descending channel with noticeable surge in volumes.
* At the same time, it has witnessed a breakout from brief consolidation and reclaimed its short term moving average.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Mahindra and Mahindra Financial Svcs Ltd CMP 289.35; Range 288-290; SL 278; Target 310
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SEBI Registration number is INZ000174330
