-------- Forwarded Message --------
Subject: M&M: 1300-1310 Area Might Be A Good Supply Zone---
Date: Wed, 18 Nov 2015 08:48:45 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Expect 1430-1450 only sustaining above 1320; *
*Otherwise 1250-1220 may be again on the card*
*CMP: 1288*
*
*
*Sell: 1300-1310*
*
*
*TGT: 1250-1210*-1170 (1-3M)*
**
*TSL>1320*
Note: Consecutive closing above 1320 for any reason, M&M may scale up to
1382-1430-1450 in short to mid term with 1285 being an important support
zone. In that alternative scenario, sell positions may be reversed.
M&M is another great stock for portfolio investment. It also rallied
recently by a good extent on the back of some good news like superb
"Dhanteras" sales of 11500 vehicles in a day (up by almost 70%), 7-th
pay commission recommendations (which is positive for auto sector)
etc.But considering the recent price & time action, these news may be
already digested by the market to a great extent. Thus some retracements
can happen from this strong resistance zone (1300-1310) and one can
accumulate it around 1210 area for favorable risk reward ratio.
To be cont for more inputs---
Analytical Charts:
<http://4.bp.blogspot.com/-I5vUv92lhCU/Vkvr01YgejI/AAAAAAAAE7U/P2yGoUljIYU/s1600/M%2526M-17-11-2015.png>
<http://2.bp.blogspot.com/-Ab0WJu2HomE/Vkvr3rhecOI/AAAAAAAAE7c/15wO0PiAusQ/s1600/M%2526M-FIBB-17-11-2015.png>
<http://4.bp.blogspot.com/-Q3BBCCa36BE/Vkvr5uDEP9I/AAAAAAAAE7k/kOvtvv_x3g0/s1600/M%2526M-WK-17-11-2015.png>
<http://3.bp.blogspot.com/-Fiz70erMrxg/Vkvr7DDLA1I/AAAAAAAAE7s/RHObXQJo_bE/s1600/M%2526M-PATTERN-17-11-2015.png>
<http://4.bp.blogspot.com/-UW5N4-QCZyM/Vkvr9o5IOlI/AAAAAAAAE70/z2pkfaqWbSo/s1600/M%2526M-TL-17-11-2015.png>
<http://4.bp.blogspot.com/-6USYSlxVctQ/VkvsAXOKnwI/AAAAAAAAE78/S9RHu4_nUjE/s1600/M%2526M-EW-M-17-11-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.in)
NCFM-TA Certified
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