Monday, August 6, 2012

Mahindra & Mahindra : 80% rule can kick in above 698.40


Monthly Value Areas : VAH-736.20, POC-717.30, VAL-698.40

M&M after a good run-up from 621 - 739 corrected exactly 50% around 675 and is on the verge of moving up if closes above 698.40.

Looking at the chart pattern, a 80% rule can kick in above 698.40 for a target of 717 and 736. Positional SL for the above comes just below 686 on an hourly closing basis.


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3 comments:

  1. SanjayAugust 8, 2012 at 12:00 PM

    M&M above 698.40, makes a high of 710, now trail SL just below 695 on hourly closing basis...

    ReplyDelete
  2. SanjayAugust 8, 2012 at 2:05 PM

    M&M makes a high of 721.50, first target done, now trail SL just below cost on hourly closing basis..

    ReplyDelete
  3. SanjayAugust 9, 2012 at 9:24 AM

    M&M all target done at 740, can hold on with SL just below 736 on hourly closing basis..

    ReplyDelete

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