M&M Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock made a bullish breakout, further buying expecting as long as it holds above it previous top. (Updated On 12th August 2014, Tuesday).

MAHINDRA AND MAHINDRA (M&M)

• As per previous report published on M&M, stock gave a strong up move after breaking its major resistance of 1270. (Click here to see past report published by us on M&M).
• Now daily chart indicates stock has made a bullish breakout as it has now closed above its major resistance of 1270, chart indicates as long as stock holds above 1270 it will be favored by bulls and further up move is expecting. Chart also indicates stock is moving up from 50 days moving average as shown in graph no 1.
• Suggested Reading - MARUTI SUZUKI is on the verge of bullish breakout, currently facing strong resistance around 2675.
• If M&M moves up from current levels then stock will find  next resistance around 1355 its 161.8% fibonacci retracement.
• As per graph no 3, stock has now come out from its down channel formation, this indicates further strength for M&M. Even stock major trend indicator like MACD and stochastic oscillator is now moving in positive zone, this indicates stock to move up further.
• Click here to see all the free trading reports (tips) published by us on M&M.
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