AbhijitMukherjee
Long

BUY M&M CMP: 1432 TGT: 1445 SL: 1425 (INTRADAY 8/6/17)

BSE:M_M   MAHINDRA & MAHINDRA LTD
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Still in bullish MACD crossover with positive RSI . Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.
Trade closed: stop reached: Opened higher but saw tremendous selling pressure. at 1435 levels. Could be bought on dips later on.

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