Mahindra and Mahindra Consolidating within a strong range

Date: 25-May-21

M_M

Pro's:

• -Consolidating within the top band
  -Likely to target 912-950 range soon, if continues to sustain above 800
  -Expect a range bound move within the range 695/730 to 870/950 for the next 8-12 weeks
  

Cons:

-F&O Stock, likely slow mover
-Sustaining Below 695, may most likely take it to 570-595 range