Mahindra & Mahindra (₹3,461.65)

Approaching a key support

The stock of Mahindra & Mahindra has seen its price decline in the recent weeks. However, it stays above a key support at ₹3,325 and the price action since April shows that the broader trend is bullish. From the current level, the stock might slip further to ₹3,325. However, it is likely to rebound and head towards ₹3,800 in the near-term.

So, traders can buy the stock now at ₹3,461 and accumulate at ₹3,350. Stop-loss can be at ₹3,170. When the price reaches ₹3,625, revise the stop-loss to ₹3,480. On a rally to ₹3,725, tighten the stop-loss further to ₹3,625. Exit at ₹3,800.

Nuvama Wealth Management (₹6,761.85)

Sees a strong rebound

The stock of Nuvama Wealth Management was up 10.5 per cent last week, the biggest weekly gain s

See Full Page