Meghmani Finechem Limited - Multiple Indicators

Updated
πŸ“Š Script: MFL (MEGHMANI FINECHEM LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: N/A
πŸ“Š Sector: Chemicals
πŸ“Š Industry: Specialty Chemicals

Key highlights: πŸ’‘βš‘

This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ Crossover in MACD .
πŸ“ˆ Already Crossover in Double Moving Averages.
πŸ“ˆ Volume is increasing along with price which is volume breakout.
πŸ“ˆ Current RSI is around 76.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 1701
🟒 Target πŸŽ―πŸ† - 1829
⚠️ Stoploss ☠️🚫 - 1638

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingViewπŸ“ˆ Repeat πŸ”

Happy learning with trading. Cheers!πŸ₯‚
Trade closed: stop reached
bollingerbandstrategyChart PatternschemicalsectorTechnical IndicatorsmeghmaniorganicsmovingaveragecrossoverTrend AnalysisVOLUMEBREAKOUT

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