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Mahindra & Mahindra Financial Services


BSE: 532720 | NSE: M&MFIN | ISIN: INE774D01024 | SECTOR: FINANCE - LEASING & HIRE PURCHASE
ACCUMULATE AT CMP241.65 STOP LOSS 225, TARGET 275, RISK REWARDS: 1:2


ANALYSIS:
  WE HAVE BULLISH VIEW ON MAHINDRA & MAHINDRA FINANCE, ON WEEKLY BASIS PRICES HAS GIVE POSITIVE BAR REVERSAL, AS PER THE PAST ANALYSIS PRICES ARE SHOWING STRONG SUPPORT OF MULTIPLE BOTTOM LEVELS NEAR 230 LEVEL,

WE SEE CURRENTLY PRICES ARE ENETERED IN BULL ZONE (AS WEEKLY SWING REVERSAL) AND FROM LOWER LEVEL 100 WEEKS SMA IS SHOWING STRONG SUPPORT.

WE ARE EXPECTING PRICES CAN TEST 50% RETRACEMENT LEVEL NEAR 275 OF PREVIOUS FALL, WE ADVICE TO ACCUMULATE MHINDRA & MAHINDRA FINANCE AT CMP 241.65 WITH STOP LOSS OF 225 FOR TARGET OF 275.

RSI INDICATOR HAS TOUCH OVERSOLD LEVEL AND GIVEN A REVERSAL FOR POSITIVE TREND.

{02.08.2014}


Mahindra & Mahindra Financial Services(weekly chart)



Mahindra & Mahindra Financial Services(Daily Chart) With NTD Greed & Fear Band)

























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