Mahindra & Mahindra (NSE) : Don't Panic

1 thg 7, 2019

M_M

Hii,
For past 1 year this stock has been pulled from 990 to 600 (30% Approx). Many have been selled this stock due to long fall. but this stock is fundamently and technically good stock. From year 2014 to 2017 it has been consolidating and formed a support in 570 zone which is mentioned in chart. After 2017, its breached to 990 and its heading back to its support zone (570 level). Falling 30% doesn't mean its weak stock, it has been consolidated for 4 year and then it gone to 990. New long term traders can enter @ 570 - 600 level.

Research and Analyse on your own before taking any decisions