Systematix Shares is bullish on Mahindra & Mahindra Financial Services, Jai Corp and has recommended traders to buy both the stocks for the target price of Rs 285 and Rs 74 respectively in its research report dated March 11, 2014.
Systematix Shares' research report
Mahindra & Mahindra Financial Services
"M&M Financial managed to close above an important resistance of 264.It also closed above the upper Bollinger band, indicating further rise in momentum.volume is also on rise since last few days. RSI is at 63 with a positive crossover ,indicating further rise in momentum. Traders can buy the stock on dips till 270 with a stop loss of 263 for a target of 285."
"Jai Corp is trading above a major Upward trendline. price closed above its upper Bollinger band , indicating a rise in momentum.The volume is on the rise since last 3 days. RSI at 66 is exhibiting a positive crossover. The stock is expected to continue its uptrend. Traders can buy the stock at or above 70.50 with a Stoploss of 69 for a target of 74," says Systematix Shares research report.
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