India Markets

M&M to name Haigreve Khaitan and Shikha Sharma as Independent Directors

Mahindra & Mahindra to name Haigreve Khaitan and Shikha Sharma as Independent Directors, seek shareholders approval for appointment.

M&M is ready to drive the agenda for innovation and foster positive changes in the lives of customers and community.

On the daily chart, Mahindra & Mahindra (M&M) has taken support at the 61.8% Fibonacci retracement level placed at Rs 630 and turned upwards forming a higher low suggesting the downtrend is losing steam.

Further, a sustained trade above Rs 650 that happens to be the recent consolidation highs and moving average resistance will extend the up move to Rs 700-715.

Moreover, on the weekly time frame, it has turned higher after a Hammer candlestick pattern and follow up candle lows are above the high of the Hammer candle confirming a short-term trend reversal in favour of the bulls.

Further, RSI is also suggesting higher levels in the coming trading sessions. The stock can bought in the range of Rs 630-635 for targets of Rs 700-715, keeping a stop loss below Rs 610.

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