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Mahindra Holidays and Resorts India

BSE: 533088 | NSE: MHRIL | ISIN: INE998I01010 | SECTOR: HOTELS
Accumulate @CMP 267 , Targets 350-450 plus , Stop 240.

  • Analysis: We have bullish view on Mahindra Holidays and Resorts India (MHRIL), On weekly basis price show upside trend reversal & prices has given positive breakout with high volume, After long term negative fall from all time high of 574 prices touch bottom level of 205.10 levels and currently rallying above 55 weeks moving average. We see Mahindra Holidays and Resorts India (MHRIL) will give first good positive rally now on, to first upside target of 350 levels in coming months.

We are expecting prices will rally in higher top & bottoms pattern, we advice to add more position in MHRIL at every higher bottoms levels.

We advice to accumulate Mahindra Holidays and Resorts India (MHRIL) at current market price of 267 for target of 350 - 450 plus with stop loss of 240.


Mahindra Holidays and Resorts India (MHRIL)(Weekly chart)

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