M&M a good candidate for positional long

13 Jan 2019

After a sharp correction stock is consolidating near its long term support levels if 700-710 and showing symptoms of trend reversal. Stock has made a perfect rounding bottom formation and getting ready for a breakout. People having mid to long term outlook may invest in small small quantities by adding M&M to their portfolio with a target of 740/757/771/790/804/829 and SL#690 on closing basis. Its a buy on decline stock as long as its trading above 693 levels.

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

17 Jan 2019

Catatan

Stock post recommendation has hit targets of 740. Now buy call is given by many industry veterans. Looks like it will hit the subsequent targets soon.

13 Mar 2019

Trading ditutup: target tercapai

740 target was met before stock corrected further.