Wednesday, February 15, 2012

Buy Mahindra & Mahindra Ltd. | Technical chart | 15-Feb-2012

 Let us discuss the technical chart of Mahindra and Mahindra (M&M) Ltd., listed on Indian stock exchange, using ichimoku indicator.


Buy Mahindra & Mahindra Ltd. | Technical chart
Buy Mahindra & Mahindra Ltd. | Technical chart


Most of the useful technical indicators have given buy signal for this stock. But to start its bull run, it needs to cross above kumo level viz. @753. One can buy this stock now also, with a stop loss of 672. Add more positions above 753. Immediate target is 876.

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