Mahindra & Mahindra Ltd (M&M): The counter is well placed above the 200-weekly moving average (WMA) placed at Rs 640 levels. Investors bought into the recent dip, which was seen around the support of 200-DMA levels. The stock has formed a "Inverse Head and Shoulder" pattern. The current scenario exhibits a positive trend towards the breakout Rs 790 - 800 levels. If the stock surpasses this level then it may see a sharp upside towards Rs 850 levels. CLICK HERE FOR THE CHART
V.S.T Tillers Tractors Limited (VSTTILLERS): The stock needs to decisively cross and sustain above the resistance of Rs 2,000 levels to trigger a fresh leg of rally. If that happens, the stock may move towards Rs 2,200 and Rs 2,500 levels. The immediate support comes at Rs 50-DMA, placed at Rs 1,827 levels. The medium-term outlook looks promising till the stock holds ground above the support of Rs 1,800 levels. CLICK HERE FOR THE CHART
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