AnkurSingh

Manali Petrochemicals Ltd (Day Chart)

Long
NSE:MANALIPETC   MANALI PETROCHEMS
Date 03.06.2024

A weak chart, but making inverted head & shoulder with support of 200 ema below right shoulder. Can go for longs once breaks neckline of the inverted head & shoulder

Keep 200 ema as stoploss, if slips below it, either exit or don't average
Or simply wait for price to break the neckline

Regards,
Ankur Singh
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.