Can i hold mahindra & mahindra?

Dear members,

I bought mahindra and mahindra at Rs.924/- recently. Now the price comes down to rs.788/-

Pl.suggest whether this scrip will move up?

Regards,
Anand

Your question as simple as if tomorrow will there be any sun, of course there will be and so will this scrip move up. Can I hold this.. again depending upon one's financial situation, if you are not in a need of cash then why you want to book your losses in this counter specially when the Indian market is in short term correction/consolidation phase.

I just had a quick look at the weekly chart of M&M and this looks quite positive to me, if you need quick cash and does not care about the loss you have on this scrip then you may exit or wait to see nifty crossing 4800-4900 and then book your profit.