Mangalam Cement: A Potential Long Trade

Price has bounced off the lower parallel of the Magenta-Modified Schiff pitchfork . More recently, the bounce off the 50-dma is a positive development. A breakout past the 200-DMA would be a major sign of strength and we can then make a strong case for a test of the medianline or the middle line of the Magenta pitchfork .


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