Stocks to Watch on June 10: Mahindra Group Picks from Trade Brains
Let’s be real—the stock market moves fast. One day you’re up, next day you’re wondering what hit you. That’s why recommendations from folks who eat, sleep, and breathe charts can be so valuable. Trade Brains—you might know them from their solid track record—just flagged two Mahindra stocks that could see some action come June 10. Worth a look? I’d say so.
Why Trust Trade Brains Anyway?
Here’s the thing about Trade Brains: they don’t just throw darts at a board. Their calls come from actual analysis—both technical stuff like charts and the fundamental health of companies. And honestly? They’ve been right more often than not. For retail traders like you and me who can’t spend 12 hours a day staring at screens, that’s a lifesaver.
Mahindra Group: The Big Picture
You know Mahindra—those guys are everywhere. Cars, tractors, IT services, even loans. What makes their stocks interesting is they’ve got this mix of steady businesses (tractors always sell, right?) and growth plays like electric vehicles. Lately, a couple of their stocks have been perking up on the charts. Could be something there.
Pick #1: Mahindra & Mahindra (M&M)
What’s the Deal with M&M?
It’s not just SUVs and Scorpios anymore. These guys are going hard on electric—remember that XUV400 launch? Plus, their tractor division keeps chugging along no matter what the economy does. Farmers gotta farm.
What the Charts Are Saying
Okay, technical talk but I’ll keep it simple. The stock’s been bouncing around the same price zone for weeks—like it’s gathering energy. The RSI (that momentum indicator) is hinting it might be oversold. And get this—it’s trading at a P/E that doesn’t make your eyes water, especially considering those tractor sales numbers.
Why Trade Brains Likes It
They’re seeing what looks like a reversal pattern forming. And when the big money starts buying (you can see it in the volume), that’s usually a sign something’s cooking. If it breaks past ₹1,850? Could run another 5-7% easy.
Pick #2: Tech Mahindra
Not Just Another IT Company
While other IT stocks have been getting hammered, TechM’s held up surprisingly well. Probably because they’ve been smart—focusing on 5G projects and cloud stuff that companies actually need right now. Plus they just bagged some decent-sized contracts.
The Numbers Behind the Story
Here’s what catches my eye: the stock’s still above its 200-day average when most IT names are way below. Margins stopped shrinking last quarter—that’s always good—and management’s talking about better days ahead. Not explosive growth, but steady.
Trade Brains’ Take
In this market, relative strength matters. When everything’s falling and one stock isn’t? That tells you something. Their analysts think if TechM can hold around ₹1,100, it might be setting up for a decent bounce.
How to Play These
For M&M: Maybe buy around ₹1,800 with a stop at ₹1,750. TechM? Wait for it to clear ₹1,150 with volume before jumping in. And for God’s sake—use stops. Like 3% max. I’ve seen too many guys turn small losses into disasters.
Don’t Forget the Risks
Look, nothing’s guaranteed. Global markets are jumpy as hell right now. M&M could get hit by supply chain nonsense, TechM might see clients delay projects. And remember—these are short-term plays. If you’re investing for retirement, you’d look at totally different things.
Wrapping Up
Both these Mahindra stocks have setups that day traders and swing traders love. Will they work out? Nobody knows for sure. But they’re definitely worth keeping on your radar this Monday. If you want Trade Brains’ full analysis, they’ve got a paid service—but their free newsletter isn’t bad either.
Useful Stuff
- Trade Brains Website (they explain things without making your head hurt)
- Charting: TradingView’s free version works fine
- For fundamentals: Screener.in is my go-to
Standard disclaimer: I’m not your financial advisor. Do your own homework before putting money anywhere. Stocks can and will wreck you if you’re careless.
