M & M is poised to zoom upwards

38 0
Scrip at Rs 1287, a largecap auto company, market leader in SUVs and tractors, very low debt in its books of account, has now reared its head up with good volume breakout last few weeks. It has consolidated above 20W EMA , after taking support at 200W EMA , all other EMAs are about to converge which in itself is a strong bullish signal.
Fundamentally, with fairly good to average monsoon in the offing, sales of tractors and SUVs is bound to pickup strongly. It has disposed off its BS-3 vehicles and will now offer BS-4 vehicles as necessitated by the authorities for auto companies.
Buy for a target of Rs 1500+, with a stoploss of Rs 1200 or so.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out