Mahindra & Mahindra

Winning Stock Price Structures

Saturday, March 27, 2010

Auto stocks did very well after the budget. Last week M&M corrected, but found nice support at the 100-day SMA. The buyers might be getting in once again. The stock might go and challenge the highs of January (1200). M&M-Renault venture is undergoing changes with the poor sales of Logan.

The weekly chart looks strong.

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Winning Stock Price Structures

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