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| Prism Cement has given an upward breakout from a symmetrical triangle. The stock has been range-bound for the past five-six weeks and was consolidating sideways between Rs 22 and Rs 27. |
| It currently trades around Rs 26.50 and could move up 20 per cent in the next two weeks. We can see support at Rs 25.55 and Rs 23.40 and resistance at Rs 26.25 and Rs 27.80.
Hemen Kapadia |
| M&M has been making a rising tops and bottoms formation. Volumes, too, support the move. It has not yet violated its 52-week high and is currently testing its previous highs. I expect a breakout before the Budget after which it will move into its life-time high zone. |
| The rally is being supported by momentum oscillators. The stock currently trades at Rs 543.65 and there is support at Rs 528 and resistance at Rs 570.
Vijay Bhambwani |
