AvinashGaikwad
Long

MTNL- Short term momo setup

BSE:MTNL   MAHANAGAR TELEPHONE NIGAM LTD
119 2 7
Momentum is good and testing resistance level .

I prefer long at current level BCZ candle close near top of the close so momentum is genuine and volume also confirming same thing.

Buy range: 20-25
Target: 38, 48

Sl 19
Comment: stock on radar for intraday also.
Trade active
Trade active: add another leg.
Comment: sl 21
Comment: sl at 23
Trade closed: stop reached
avinash ji very nice analysis i also feel this stock will surely move to up direction and i also feel that it will break the resistance and because of the current running government and budgets will surely prove beneficial to most of the PSU Companies....
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@Ganesh89, so lets capture the move...
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