Vaishali Parekh of Prabhudas Lilladher recommends buying M&M, Himadri

Mahindra & Mahindra has made a triple bottom formation on the daily chart, can target Rs 850 on the upside, says the technical analyst

BUY M&M

CMP: Rs 754

TARGET: Rs 850

STOP LOSS: Rs 700

The stock has made a triple bottom formation on the daily chart and has bounced back with a positive candle pattern. It looks poised for further upward rise in the coming days.The RSI has regained from its low and has indicated a trend reversal thus signaling a 'Buy'. With good volume activity witnessed, we recommend a 'Buy' for an upside target of Rs 850, and keeping a stop loss at Rs 700. CLICK HERE FOR THE CHART

BUY HSCL

CMP: Rs 50

TARGET: Rs 57-60

STOP LOSS: Rs 46

The stock has