maithan alloy bullishdaily rsi is rising with an explode on directional index. buy for 20-25% upside with 7% sl.by vishalpanju1
Institutions Building Position -volume showing strngth -rsi strong -indicators also showing momentum in stock is possible keep in radar it can give 20% upside move from hereLongby Marketik6
MAITHON ALLOYS ready for 15-20% gains in short termDescending triangle breakout with volume spike Above EMA50 RSI near 70 and rising Great risk reward ratio Watch out for short term !!!!Longby plus_charts2
MAITHAN ALLOYS LTD (ACCUMULATE)Sector: Ferro Manganese/ Industry: Ferro & Silica Manganese Market Cap: 3,214.79 Cr. / Category: Small Cap Current Price: 1096.75/- Target Price: 1279, 1301.2/- Stop loss: 998.6 Ticker: NSE: MAITHANALL Recommendation: BUY (Buy Around 1053 – 1049) Date: 29/11/2023 Elliott Wave Theory Outlook – Maithan Alloys, Buying the Dips around 1053 – 1049 zone. November 29, 2023 By Dinesh Naidu In this technical research analysis we’re going to take a quick look at the Elliott wave chart of Maithan Alloys ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in corrective structure in a smaller time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (ii)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 1053 - 1049. We don’t recommend selling the stock and prefer the long side from the 61.8 & 78.6% Fib levels. As the main trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 998.6 Momentum & Trend Indicators: Indicator Value Zone Relative Strength Index 59.19 Neutral Rate of Change 7.11 Positive Stochastic %K 72.01 Neutral MACD 13.23 Positive Disclaimer: I am not a SEBI registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.Longby Dino_Naidu2
MAITHANALL | Triangle breakout with volume -Potential for 30-40%MAITHANALL | Triangle breakout with volume - Looks potential for 30-40% CMP :1100 SL : 1000 Target : 1500 1:4+ risk reward setupLongby srikartiram10
Maithan Alloy on a multibagger journey Solid Consolidation at a beautiful level Valuation is very cheap The sector looks like a solid breakout is underway. Very strong fundamentals Longby invance4
Maithan AlloysVery Strong bullish momentum Price entry 30 degree from top ( Break out) Rejection-Re-test 45 degree from bottom. Price abv all moving averages. Good for longLongby jainshashank19714
MAITHAN ALLOYS MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracementLongby PSYCHOLOGY_BREAKOUT_TRADERUpdated 3
Long Term TrendOn the monthly and log chart, price is near a long term trendline. It is a 8 year old trendline starting from the low of 26 in 2004 and valid up till now. Price respected it more than 3 times and the same thing seems to happen now. Hence it is important to see the stock.by Sumanyu_Aggarwal2
Maithan Alloys : A chance to buy after small fallVolume seems to be decreasing but RSI is increasing. RSI is showing bullish momentum but volume is decreasing. There may be short term fall and it will bounce back again continuing bullish momentum. If you want to enter now, you can get better entry after a small fall. Longby vkfinserv110
Maithan Alloys: Consolidating & forming double bottom on WTFMaithan alloys is setting up nicely on weekly time frame. Seems stock is forming double bottom on weekly time frame. Keep on radar for double bottom breakout above 1050. Can expect retesting of all time high. Fundamentals are also supportive for higher valuations.Longby khulvenaveen2
Maithan Alloys Maithan Alloys. Fundamentally isse aacha share aap ko nhi mil sakta..that also in capital intensive business of metal industries. CMP:1011.Longby vijay2310841
Maithan Alloy - Tripple BottomTripple Bottom chart pattern completed in hourly timeframe. Price has retest/pullback the trendline RSI above 50 indicate the price has good strength to go higher in upcoming days Details are mentioned on chart. Please go through the chart.Longby Cfa_Arvind1
Maithon alloys for swing. Retesting the ascending triangle breakout and also horizontal support.mark levels and follow slLongby daud32200
Maithan Alloys: Forming Rounding BottomMaithan alloys is looking good with nice rounding bottom pattern. Can touch 1130-1140 in short time frame. View negated below 980. Company having solid fundamentals. Keep on radarLongby khulvenaveen3
Maithan Alloys Ltd.Fundamentals: Company PE- 3 < Industry PE -15.6, FII increasing its stake quaterly since jun2021(0.32 to 0.67 to 1.02 to 2.54), DII too increasing stake since sep 2021(0.48 to 0.51 to 0.62), almost Debt free with 74.99 promoters holding. Technicals: Forming cup & handle pattern , cup is perfectly formed n now it is at channel bottom getting ready to form handle. If we take only handle formation target it is almost double from current level(1750). Currently at a level for perfect entry with good Risk Reward. Once handle is formed and breaks out 1st target comes around 3500-3600 (approximately, as handle is not formed and taken hypothetical handle breakout target), and 2nd big target is cups depth which comes around 7000level, where it would also touch channel's top. As per previous time analysis time horizon could be 2-3 years.Longby praveshk24
maithanalloyslooks similar to other metals. on crucial support. below this 900 zone but going there and breaking down would mean the bear grip tightening ! bulls need to hold here. by Soulblighter0
Range Breakout Maithan AlloysBuy Maithan Alloys Cmp 1132 Buying Zones - 1132-1025-970-925 SL - 795 (Weekly Closing Basis) Target - 1450/1700Longby VisibleBeer7Updated 112
Buy Today, Sell Tomorrow: MAITHANALLDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA - SL can also be maintained as 1% or closing below the low of breakout candle Levels mentioned on the chart are calculated using Breakout Indicator Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in MAITHANALL Buy Today, Sell Tomorrow: MAITHANALLLongby Kapil-MittalUpdated 114
Maithan Alloys- Monthly BreakoutMaithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.by StrategicAlpha0
MAITHAN ALLOYS LTD | Good for Long NSE:MAITHANALL Cmp : 157.50 Try on pullback near 1245. #Study, Learn & Earn. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.Longby Art_of_charting_KnowledgeUpdated 0