M&M is in a strong up trend. M&M
has given a close at 1232.75. It has given a break out. As we mention, always
that, all the breakouts are worth trading. Since market is not sustaining the
higher levels, still one can initiate
a long position in M&M for the
targets of much higher levels. As M&M is trading on almost all time high,
and there are no past levels for reference, it is a useless exercise to predict
the precise levels. Still one can expect the levels like 1270 and 1310. A
very strict Stop Loss must be accompanied with a long in this stock of 1190.
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