Technical Pick – M&M Finance
•M&M finance is finding support at 426 and resistance above 436.
•On Daily chart, M&M finance is showing positive momentum above 436 level.Break and sustain above 436 will see nonstop rally in M&M finance till 449--456++ in weeks to come.
•M&M finance has been trading in a broader range of 444--244 for last one year.
•MACD showing positive momentum which indicates that upside side seems certain in it.
•Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 449--456+++mark in coming weeks.
For positional trade, stop loss seeing below 350 on closing basis which in unlikely to breach in near terms.
Trading Recommendation(06-09-17)
Buy M&M finance above 436 and for the initial upside target of 449—456++ mark with stop loss below 426 on closing basis.
More will update soon!!
