Buy M&M, target Rs 1455: Dharmesh Shah

Dharmesh Shah, Head Technical at ICICI Direct is positive on M&M. The expert has advised traders to buy the stock with a target of Rs 1455 and maintain a stop loss at Rs 1297 in intra-day trade. The stock has touched a high of Rs 1370.00 and low of Rs 1355.60 so far in trade. The scrip is moving above its crucial moving averages. It has been taking support from its 20-day moving average for the past three weeks.