Amatuer_Sanjay

I think a definite buy for swing trade

Long
NSE:MANALIPETC   MANALI PETROCHEMS
Reasons for Buy
************************************************************
Candle stick patterns
Bullish Kicker Pattern
Morning star pattern
Inverted Head and shoulder pattern

Indicators
MACD 26 line crossed up by MACD 12 Line
RSI is steadily rising towards 60
Volume is suddenly increased. So may be somne big bullish players aqre entering the game

Trend
Trend reversal happened. Downtrend to up trend started

Buy @69.05 Rs
Stoploss: below 65Rs
Target1: 71.50Rs
Target2: 75.15 Rs
Target3: 83 Rs (Doubtful)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.