Techncial on M&M and Chambal Fertilizer
Mahindra&Mahindra
M&M is showing formation of higher bottom formation with todays rise on huge volumes . The neXt level of resistance zone is 712 which is 200 DMA for the stock.
Stochastic has generated a Buy with a close above 20 and RSI is also turning up. Volumes were good on todays rise above short term resistance of 50 SMA.
Chambal Fertilizer has shown a steep rally from 69 levels to 99 odd levels where it is facing resistance at its supply zone of Rs 99.
I …
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M&M is showing formation of higher bottom formation with todays rise on huge volumes . The neXt level of resistance zone is 712 which is 200 DMA for the stock.
Stochastic has generated a Buy with a close above 20 and RSI is also turning up. Volumes were good on todays rise above short term resistance of 50 SMA.
Buy above 700 TGt 712,726 and 740
Chambal FertilizerChambal Fertilizer has shown a steep rally from 69 levels to 99 odd levels where it is facing resistance at its supply zone of Rs 99.
I …
Read the full story »
posted by Bramesh at
6:45 PM
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