Mughal Iron & Steel Industries Ltd
Long
Updated

MUGHAL | Parallel Channel

239
MUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
Note
After completing bullish symmetrical triangle pattern, MUGHAL retraces 38.2%, Possible pull back is expected towards previous top of 100 (target) with the stop loss just below precious support around 80.
MUGHAL | Bullish Symmetrical Pattern

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