CMP: 102.20
Tgt: 109-114
The daily candlestick chart of Escorts shows that a rise from Rs.88-107. Yesterdaysome profit taking was seen. As long as it holds above Rs.92, the bias is up. One canbuy preferably in declines around Rs.98-100 with a strict stop loss aboveRs.94 (preferably in close) for a pullback to Rs.109-114 and Rs.123 in thenext 2-3 weeks.
* Avoid gap openings and trade in cash in small quantities
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M&M Buy in dips
CMP: 630.05
Tgt: 657-672
The daily candlestick chart of M&M shows that it is moving sideways after a fall fromRs.718 to Rs.594. Trendline support in blue is pegged at Rs.603 while the oscillatorsare above the median line. One can buy in declines around Rs.620-625 with astrict trading stop loss above Rs.613 for a pullback to Rs.657 and Rs.672-683in the next 2-3 weeks for which the stop loss is at Rs.603 in close.* Avoid gap openings and trade in cash in small quantities.
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