MAHINDCIE is at 290-300 resistance level, this has been a strong resistance since listing days - Jan'08.
The stock is looking strong with some good buying volumes in recent times.
For more confidence on the up move confirmation, one can wait for another 1 wk candle close above 300 levels. Post which we can see strong upwards momentum.
It has formed a nice Cup n handle pattern as well at 295-300 levels.
View: 6 months to 1 year
Target: 500+
SL: Dly candle close below 265
The stock is looking strong with some good buying volumes in recent times.
For more confidence on the up move confirmation, one can wait for another 1 wk candle close above 300 levels. Post which we can see strong upwards momentum.
It has formed a nice Cup n handle pattern as well at 295-300 levels.
View: 6 months to 1 year
Target: 500+
SL: Dly candle close below 265
Trade active:
Strong breakout given.