The stock of Mangalam Cement is consolidating from Sept 2024 , taking support at 680 multiple times with decending traingle formation . On 23 Oct , the stock came out of this consolidation with good volume.
If the stock stays above 760 , move towards 880 and 1000 is possible in near term.
The RSI on daily chart is also above 60 indicating good momentum in the stock.
If the stock stays above 760 , move towards 880 and 1000 is possible in near term.
The RSI on daily chart is also above 60 indicating good momentum in the stock.
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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.