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SHRIHARII

MOL - 2 Years Downtrend / 1 year consolidation Breakout

Long
MEGHMANI ORGANICS LTD (NSE:MOL)  
SHRIHARII  
NSE:MOL   MEGHMANI ORGANICS LTD
Trend Analysis Chart Patterns Beyond Technical Analysis stageanalysis rangebound consolidation-breakout downtrendbreakout breakout bullishmomentum momentumstrategy volatilitycontraction volumeanalysis
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trendanalysis chartpattern beyondta stageanalysis rangebound consolidation-breakout downtrendbreakout breakout bullishmomentum momentumstrategy volatilitycontraction volumeanalysis
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
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