<b>Week Ahead in Mkts:</b> Range-bound trend likely

MACRO TECHNICALS

 Mahindra & Mahindra
Current Price: 908
Target Price: 935  The stock has moved to a new high without however, generating particularly good volumes. It has a projected target of about 940 but it may fall short of that unless there's another volume expansion. Keep a stop at 900 and go long. Book some profits at 930-935.  Sail
Current Price: 89
Target Price: 97  Sail is poised for an upside breakout at current levels. The issue is the lack of volumes but that's an across-the-board problem. It has a projected target of 97. Keep a stop at 86 and go long. If there's a volume expansion on the breakout, the stock could touch 100.  TCS
Current Price: 1222
Target Price: 1245  The stock has completed a breakout on low volumes. It has a projected target of 1260 but it is unlikely to be fulfilled. A tapering of momentum at 1245 is more likely. Keep a stop at 1210 and go long.  (The target price and projected movements given above are in terms of the next five trading sessions unless otherwise stated.)