Mahindraandmahindra
M&M approaching crucial point before FY resultsM&M Mahindra & Mahindra approaching a crucial inflection point as per the weekly candles and RSI.
Trade carefully. Maintain strict stoploss and Results week, series end and NIFTY entered bubble zone
If results are positive, go long on futures! Otherwise, add in cash during the dips
Mahindra & Mahindra to continue downtrendMahindra & Mahindra has been trading in down trend, and trading in bearish channel although there have been some false breakout but it continued in the same direction, it seem to be approaching the long term support around 1110, it closed today on weak sign and may go further down with target of 1120-110. traders may enter short in marhindra and mahindra with a target of 1120 and upside movement may be around 1195 as resistance.