Trading Strategies in Mc-Dowell, Mahindra & Mahindra by Mehul Kothari

According to the technical analyst from Anand Rathi, McDowell could rise to Rs 920, whereas Mahindra & Mahindra can slip to Rs 1,220.

BUY

McDowell-N

Buy Above: Rs 860

Target: Rs 920

Stop Loss: Rs 830

Since the past few trading sessions, the stock has been making several attempts to clear the resistance of 200-day SMA.

At this point in time, it is on the verge of a falling trend line breakout. The weekly ADX (14) indictor suggests fresh momentum once the stock confirms this breakout. Thus, we advise traders to buy the stock above Rs 860 for a target of Rs 920 in the coming sessions.

SELL

Mahindra & Mahindra

Sell Near: Rs 1,300

Target: Rs 1,220

Stop Loss: Rs 1,340

Recently, the stock confirmed a major rising trend line