Buy M&M Ltd with a target at Rs 1,500: Vivek Gupta

Vivek Gupta, CMT, Director Research, CapitalVia Global Research Limited, says the major support of Rs 1,075 can be placed as stop loss in it.

M&M Ltd is in a bullish trend and is trading sideways on the long term charts. With the breakout from the immediate resistance mark of Rs 1,285, it is expected to continue the major bullish trend. The major support of Rs 1,075 can be placed as stop loss in it. The next visible target for the stock is placed at Rs 1,500.