Technical view by Nooresh on Sensex/Stocks/Commodities |
| Mahindra and Mahindra – Long Term Investment on Dips Posted: 10 Mar 2014 12:14 AM PDT
Mahindra and Mahindra
-> The stock is setting up for a long term breakout above 1050 over the next few months. -> A short term cup and handle breakout seen which was barriers at 1020-1040. -> Investors can look at the stock on dips to 960-980 after the dip. -> A stoploss would be around 920.
Disclosure: A short term buy initiated at 980.
Some weeks back had posted how Reliance Inds is a good long term bet at 800-820 in this video https://www.youtube.com/watch?v=HMwPkFKJFj4
Good to see the stock has moved to 900. Partial profit booking is advised and re-enter the same on dips.
Also we had a good online technical analysis crash course session even after some technical glitches. Will be having another session in few weeks time. Will keep all informed.
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Cell – 09819225396 Mahindra and Mahindra – Long Term Investment on Dips is a post from: Technical view by Nooresh |
| You are subscribed to email updates from Technical view by Nooresh To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment