captvivekjain
Long

M & M is poised to zoom upwards

NSE:M_M   MAHINDRA &MAHINDRA
40 views
1
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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out