June 01, 2016
M&M (NSE Cash)
1340 - 1330
14 - 21 sessions
Source: Falcon (Chart Time: IST 09.30)
During mid April, the stock had given breakout from a falling trend resistance with good volumes. The
breakout was supported with formation of ‘Higher Top Higher Bottom’ on weekly chart, which has turned the
trend for the stock positive. Prices have been consolidation above the mentioned trendline post the breakout
and thus we are anticipating continuation of the uptrend in near term. Also, the 5&20 EMA crossover strategy
on weekly charts is indicating uptrend in the stock.
traders to buy the stock at current
levels and on declines up to
1330 for a target of
1460. The stop loss for the trade set-up can be kept
June 01, 2016
Last 9 recommendations
Recom. Buying/Selling Range CMP
Target 2 Stop-loss
1370 - 1360
353 - 350
215 - 213
1152 - 1145
262 - 260
Revise SL to 268
88 - 87
950 - 940
544 - 539
Booked at 549
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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