MOL - 2 Years Downtrend / 1 year consolidation Breakout
Meghmani Organics Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (May, 2022) & In a Consolidation since (January, 2023) . Now It has given a consolidation / downtrend breakout & Closed with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 112.75 (13.75%) from the price 99.15.
4) Recommendation - Strong Buy
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (May, 2022) & In a Consolidation since (January, 2023) . Now It has given a consolidation / downtrend breakout & Closed with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 112.75 (13.75%) from the price 99.15.
4) Recommendation - Strong Buy
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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.