BUY M&MABOVE 714 TGT 730/750 SL 700
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Primary trend of the M&M is bearish for now and After showing short term correction from the higher level of 804, now stock is trading in short-term recovery phase, it is forming reversal pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 714 as the stock is managing to trade above its 22 &55 and 200 days moving averages with the RSI of 40, one may expect the targets of 730/750 in the stock if it manages to sustain above the immediate strong support level of 700. strong resistance would be seen at 720. and Below 700 you may expect the target of 680/650.
DAILY CHART FOR M&M
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