Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results
The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction
Shares of Mahindra Logistics (MLL) hit a 52-week low of Rs 347.15, down 6 per cent on the BSE...
Mahindra logistics long
Stoploss 340
Target 1: 396
Target 2 : 420
Price standing at crucial support
already given 1 false breakout, so all weak players are out.
ATH is 821. stock available at good discount.
weak financials since few quarters.
But, already discounted in stock price. forecast finacials are good, so price should move up.
Daily Chart analysis of MAHINDRA LOGISTICS
Mahindra Logistics stock price has reached a point of stabilization and is displaying indications of a potential reversal. Following a period of uncertainty or consolidation, the price has broken out in an upward direction, suggesting a shift in market sentiment. This pattern is known as the Diamond Bottom, which...
Mahindra Logistics in range, worth keeping in watchlist, buy near the lower range or break of the upper resistance, upside can be BIG. Not for short term.
Mahindra Logistics - DOUBLE BOTTOM
NOW STOCK IN THE PERFECT SUPPORT ZONE, IF INDEX SUPPORTS IT WILL MOVE UPWARDS....
TARGET 715
Educational purpose ...
Buy at 731 level, good support of trend line + 50 MA + 0.50 Fibo Ret support, Target of 810 , SL 710
Only for educational purpose and not a buy sell recommendation.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAHINDRA LOGISTICS four year brackout with the good volume, you can see the Trend is Positive and RSI, MACD is also support the trend, You can Buy or waite for Pullback.
( Note:- i am not SEBI Registerd Advisor)
