Mahindra Logistics long

Mahindra logistics long

Stoploss 340
Target 1: 396
Target 2 : 420

Price standing at crucial support

already given 1 false breakout, so all weak players are out.

ATH is 821. stock available at good discount.
weak financials since few quarters.

But, already discounted in stock price. forecast finacials are good, so price should move up.

Comment:

made a high of 395 today.
Target 1 almost hit. book partial profit, move stoploss to 355

Comment:

Target 1 hit again yeaterday. made high of 398.
must have booked partial profit , those who missed on 25th august

Comment:

while I am writing this, CMP is 403, going towards target 2 ,
move your SL to cost now.

Comment:

just near target 2, cmp 418.5
those who want to close the trade , start booking profits.

Comment:

swing traders can close the trade next week in range of 415 to 420.

Long Term targets: (4 to 5 years holding)

Target 1 500
Target 2 637
Target 3 ATH