Let us discuss the technical chart of Mahindra and Mahindra (M&M) Ltd., listed on Indian stock exchange, using ichimoku indicator.

 

 

 



 

Most of the useful technical indicators have given buy signal for this stock. But to start its bull run, it needs to cross above kumo level viz. @753. One can buy this stock now also, with a stop loss of 672. Add more positions above 753. Immediate target is 876.

Buy Mahindra & Mahindra Ltd. | Technical chart | 15-Feb-2012
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