Breakout for M&M from an inverted Head and Shoulders pattern in 15 minutes chart. This was supported with high volumes. Technical indicators RSI and MACD were also giving positive signals. RSI is in the Overbought zone and MACD line is above the Signal line.
The first target has been set at Rs 645.5. The second target is set at Rs 662.20. The stoploss is set at Rs 597.25 which is the low of the right shoulder.
The first target has been set at Rs 645.5. The second target is set at Rs 662.20. The stoploss is set at Rs 597.25 which is the low of the right shoulder.