Mahindra
& Mahindra Financial Services on
a daily chart stock price at Rs. 347.75 has given a breakout at Rs. 339 of
symmetrical triangle pattern, indicate stock price will continue towards north.
Also stock price is trading in a parallel channel, in the channel stock price
is heading towards upper trend line of channel. Momentum oscillator MACD has
given positive crossover, which also add more bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor can accumulate for the target
of Rs.363/374 level, with Rs. 342 stop loss on closing basis.
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