vikramsthakkar
Long

MNM(1431): #OnvergeofBreakout #InverseHNS

NSE:M_M   MAHINDRA &MAHINDRA
Stock is in bullish trend with higher high higher low
Currently price is trading @ falling trend line resistance, today stock closed with above average volume indicating accumulation. On EOD stock has formed higher low @ 20DMA which is placed around 1412, with price trading above key moving average expect bullish trend to continue.

Going forward close above 1435-1450 zone will confirm breakout and higher levels up to 1490-1510 will be seen
Support exist @ 1410-1360, till these levels are not broken expect bullish momentum to continue

Trade long in range 1400-1430 add further on close above 1450 with stop below 1350( CB ) for targets 1510-1610
Medium term target will be 1800+

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