Mahindra Finance- Cup & Handle formation looks positive for stock, T1= 460, if sustain T2 can be seen upto 490.00
CMP:- 449.25
Dt:- 30 Nov'18
NSE:M_MFIN
This intersting candle pattern formed at the 61.8% retracemnt level and inside candle is formed at the level of support. Hence one can buy to the target of 487 and 490
Longs can be initiated with a tgt of 340. SL 322.
Disclaimer: I am a novice at charting and this chart is only for educational purpose, views and opinions are welcome
Higher Top Higher bottom.. most of NBFC already moved..closed avove 302 after long time. seems its time for M&M Financial.. higher rural demand may insure 356 on chart in coming day
Mahindra & Mahindra Financial Services Limited is a non-banking financial company (NBFC). The Company serves the financing needs of population residing in rural and semi-urban areas of India. The Company provides a range of retail products and services, such as financing vehicles for commercial and personal use, tractors, small and medium enterprise (SME) loans, and various other financial products. Through its housing finance subsidiary, Mahindra Rural Housing Finance Limited (MHRFL), the Company is enabling various low and middle income households to build their own home. The Company also provides mutual fund distribution, fixed deposit schemes and personal loans. The Company's subsidiary, Mahindra Insurance Brokers Limited, is in the business of distributing life and non-life insurance products through tie-ups with various insurance companies. It is a subsidiary of the Indian conglomerate, Mahindra & Mahindra (M&M).
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M_MFIN
