Technical Outlook & Trading Strategy:-
The share price of Mahindra & Mahindra has registered a breakout from a Symmetrical Triangle pattern.
We believe that this breakout suggest strength and indicate a possible up move to the levels of Rs 790-Rs 800 /Rs 814in the near future.
On the oscillator front the ADX has already given a buy signal with a bullish crossover suggesting build up on the upside.
We recommend buy at current levels and again on pullbacks to the level of Rs 753 - Rs 747 with a stop loss placed below Rs 732.70.
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