May 05, 2012

Mahindra & Mahindra - Short


M&M (FV - 5/-, Dividend - 230% Incosistent)

M&M earlier post is here

After booking it around 720, stock turned directions and came back behind the trendline.

It is time to trade this on short side now.. one can sell this aroudn 687 levels with stop loss 697 and targets of 672 and 652
Note that auto stocks had bad last week - Herohonda & Bajaj Auto

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