ru24.pro
News in English
Август
2024

Stock Radar: M&M Finance on verge of a breakout from 1-year consolidation range; time to buy?

0
Experts suggest that aggressive short-term traders could consider buying the stock if it closes above Rs 300, targeting Rs 365 within the next 1-2 months. Although the stock reached a 52-week high of Rs 346 on July 4, 2023, it subsequently declined and fell below key moving averages on the daily charts. Weekly charts show the stock rebounding after testing the 200-week Exponential Moving Average but facing resistance around Rs 310-320.