Technical Analysis of Indian Equities by Nooresh

Mahindra and Mahindra – Breakout above 910-915 can see a quick jump

M&M

 

A few weeks back we had been shorting the stock consistently but the reversals after hitting targets is on good volumes and now the stock seems to be trying to breakout above 910-915 range.

 

Strategy should ideally be buy on breakout above 910-915 or at 895-908 with a stoploss of 875. Target price 960

 

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Article by Nooresh Merani

Nooresh has written 2569 articles.

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