Mahindra CIE Automotive Ltd has broken above the decade-long base. At the level of 300, it has faced resistance for the past four times. After a prolonged underperformance, it had made a new 4-year high relative to the Nifty 100.
The current momentum favours the bulls as long as it sustains above the risk management level at 300, with a target close to 464.
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Allstarcharts Team
