Chart Of The Day – Mahindra CIE Jumps 5.1%; Retakes 50-DMA

Mahindra CIE Automotive gained 5.1% today and retook its 50-DMA on above-average volume. The stock has strong support around its 200-DMA and has managed to hold up well despite weakness in the general market. It closed 12% below its recent high of Rs 302.00.

Mahindra CIE Automotive_MarketSmithIndia