Technical Analysis of Indian Equities by Nooresh

Mahindra and Mahindra – Long Term Investment on Dips

Mahindra - Weekly


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 


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,

Nooresh Merani

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Article by Nooresh Merani

Nooresh has written 2774 articles.

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