MENU

Published on 22/07/2019 4:12:13 PM | Source: Choice Broking Pvt Ltd

Option Strategy Mahindra & Mahindra Ltd by Choice Broking

Posted in Broking Firm Views - Short Term Report| #Mahindra and Mahindra Ltd #Auto Sector #Trading Report #Choice Broking

Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More

* On the options front, we are seeing Long Build up in most of “Out Of The Money” PE strike price which indicates that traders are creating a long position.

* Moreover, Call option chain is showing Short Buildup in “Out Of The Money” CE Strike price.

* On a daily chart, the stock has given a breakout of its Lower band of “Falling Channel Formation” which indicates down trend in the counter.

* A daily momentum indicator RSI’s reading is at 26.19 level with negative crossover which points out for a negative breath in the counter.

* Based on the above technical structure, we expect a bullish move in M&M 560 PE.

Recommendation

Buy Mahindra & Mahindra Ltd @Options Ran Neeti Stoploss 2.00 Target 15.50 CMP 6.50

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer https://choicebroking.in/disclaimer

 

Above views are of the author and not of the website kindly read disclaimer