Mahindra and Mahindra
-> The stock is setting up for a long term breakout above 1050 over the next few months.
-> A short term cup and handle breakout seen which was barriers at 1020-1040.
-> Investors can look at the stock on dips to 960-980 after the dip.
-> A stoploss would be around 920.
Disclosure: A short term buy initiated at 980.
Some weeks back had posted how Reliance Inds is a good long term bet at 800-820 in this video https://www.youtube.com/watch?v=HMwPkFKJFj4
Good to see the stock has moved to 900. Partial profit booking is advised and re-enter the same on dips.
Also we had a good online technical analysis crash course session even after some technical glitches. Will be having another session in few weeks time. Will keep all informed.
Thanks and Regards,
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