Rajesh Bhosale, Technical Analyst at Angel Broking has recommended trading strategies on Rajesh Bhosale on how to trade in Mahindra & Mahindra Financial Services (M&MFIN), Bata India and BEML. He gave following rationale for technical strategies:

1. Mahindra & Mahindra Financial Services (M&MFIN)
View-Bullish
Last Close-Rs. 484.60

''Post taking a strong support on the previous bottom at 450 levels coinciding with 200DMA; the stock prices have sharply bounced back and have now closed above descending trend line confirming a bullish pattern breakout known as 'DESCENDING TRIANGLE'. In addition, prices have closed above 20DMA, 50DMA, and 89DMA on a single day confirming a strong positive momentum in the stock. Momentum oscillator i.e. RSI has crossed 50 levels indicating fresh buy signal. Technically, looking at all the above scenario a strong upside from the current levels cannot be ruled out. Thus, we recommend buying this stock at current levels for a target of Rs 520 over the next 5-10 sessions. The stop loss should be fixed at Rs 466.''

2.Bata India
View-Bullish
Last Close-Rs. 841.50

''Stock prices had given a bullish breakout on 20th July at around 820 levels with a good increase in volume and bullish candle. However, after a decent move towards 860 levels, prices witnessed consolidation around the neckline of the bullish breakout. At the current juncture, prices seem to have resumed the primary uptrend with the formation of real white body candle on the daily chart supported with an increase in volume. In addition, momentums RSI after dipping towards 50 levels have rebounded and have given fresh buy crossover with smoothened moving average. Thus, we recommend selling this stock at current levels for a target of INR888 over the next 5-10 sessions. The stop loss should be fixed at Rs 815.'' 

3. BEML
View-Bullish
Last Close-Rs. 790.85

''The stock has been a clear underperformer and has fallen from the recent high of 1140 to a recent low of 760 in the last two months. At the current juncture, prices are trading near the inception point (760-780) of the strong rally from where prices witnessed a move towards 1947 levels in the year 2017. On the daily chart, we are witnessing positive divergence in RSI compared to price levels indicating accumulation in the stock at lower levels. In addition, prices have formed a classical Doji pattern on the mentioned support levels with a good increase in volume indicating signs of bullish reversal. With a good risk to reward the stock prices certainly looks attractive at current levels. Thus, we recommend buying this stock at current levels for a target of Rs 850 over the next 5-10 sessions. The stop loss should be fixed at Rs 758.''

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