Auto giant on a cup and handle formation

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M_M

Mahindra and Mahindra is bouncing from it's long-term support zone of 730-755 and has beautifully formed cup and handle pattern in weekly charts. Buying volume is also increasing week on week close to it's volume moving average. Go long on breakout above the handle trendline with the target of 820 in the short-term and 900+ for long-term.

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ملاحظة

MACD and Stoch RSI has turned bullish and squeeze momentum oscillator also about to turn bullish.

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ملاحظة

Hits short term target of 820