BharatJhunjhunwala

Levels of 560 – 545 may provide support to the stock and it move

Long
NSE:M_M   MAHINDRA &MAHINDRA
The stock registered a breakout this week and have managed a close above the clouds. The RSI has moved into the bullish zones with MACD above zero. The stock has become a long candidate an pullbacks. Levels of 560 – 545 may provide support to the stock and it may move up to 580, 590 & 620 levels. If the stock fails to hold itself at 545 levels then it may further correct down to 535 & 510 levels.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com