M&M Finance is moving down in down ward channel. Now stock seems to be ready to break out of this down ward channel. Once can go long on the stock @ CMP or upon break out above 246 for targets of 260/270 with SL being the bottom of the channel at 233.
Our anticipation of breakout is done. Buy into DIps. Looking at weakness in domestic as well as in Global markets, like to change our first target to 256.
ReplyDeleteTry to book profits at 254 levels of NSE cash.
ReplyDeleteIf you can bear the risk, wait for till tomorrow to see trend changing levels above 255.