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 Ltd. engages in the provision of financial services in the rural and semi-urban markets. It operates through the Financing Activities and Other Reconciling Items segment. The Financing Activities segment offers financing and and leasing of automobiles, tractors, commercial vehicles, and housing. The Other Reconciling Items segment includes insurance broking, asset management services, and trusteeship services. The company was founded on January 1, 1991 and is headquartered in Mumbai, India.
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M_MFIN
