Friday, 28 December 2012

MAHINDRA HOLIDAYS(INDIA) WEEKLY CHART ANALYSIS.STOCK TO APPRECIATE BY 30% FROM CURRENT LEVELS?

The chart of Mahindra Holidays has just broken out of a year long congestion pattern and looks set for price appreciation to the extent of 30-40% from the current levels. We are setting our initial targets to 420/430 (CMP 343)and then 480/500 levels in the coming months. A move below 255 will cancel the bullish view.

MAHINDRA HOLIDAYS HEADING FOR 30% APPRECIATION?















Mohan Raghav
CEO, Financial Markets Algorithms
Web: www.financialmarketsalgorithms.com
blog: fmatechnicals.blogspot.com/
Twitter: camohanraghav
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Please consult your financial advisor before acting on this advice.

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