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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.