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Market_Crux
Oct 6, 2020 7:36 AM

MEGH Long

Description

It's bullish on monthly charts too.

After considerable correction, the second bullish wave has just started above 60, so one can still accumulate if near term if we see any downside keeping strict stop-loss at 60.

On the daily chart, it is very bullish and the uptrend has already started.

Suggest to book partial profits sequentially at levels of 90, 100, 110, 120, and 130.

a major correction can be expected at 130 level.



Comments
Market_Crux
All levels achived
jayantdharod
TGT please
Market_Crux
@jayantdharod, Meghmani is in the chemical sector. It has a unique product line and prospects are very high. Short term targets I have indicated on the chart. (90, 100, 110, 120 and 130). 130 is all-time high and we see major resistance here. If you are eyeing for long term on can expect 300 in the next two years.
jayantdharod
@dahikarprashant, Thank you so much
NiteshTR
I missed it
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