Looking to enter in a stock with medium term perspective, than one can consider entering in Mahindra and Mahindra Finance which is presently in a consolidation phase. Move past 270 means stock will zoom to new heights. Support for stock exists at 242 and all those with deep pockets can wait till 180 level which is the worst scenario till where the stock can fall. Breaking past 270 levels hold signifcance as triple level formation has been seen at this level.
All those with medium term perspective can consider going long in the stock and all those going for intraday trading can check out the hot stock of the day. This post has been published on 14 June 2013.