Mangalore Chemicals (Mangchefer) has given multiyear breakout with volumes.
One can buy at Retest 105 with 80 as Stoploss.
All ideas are shared for Educational purpose only.
No Buy or Sell recommendation.
Fcl all time high breakout in weekly time frame.
Simple price action,.
Resistance broken with excellent volume today.
Sl below swing and target as given. Book half ur quantity at target 1 and after target 1 also breaks then go for target 2.
I am not recommending you to buy. Do your own analysis before entering.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best Quarterly result and will very likely post similar results in Q3 too.
The stock has been forming a Rounding Bottom for some weeks. Now, with the W pattern Reversal with Huge Volume, this bottom formation seems to come to an end & we can expect a strong rally from this...
One fundamentally strong stock in the Nifty 50 Technically, it is at a good level. Let's see if there are any breakouts from here. UPL is now nearly 10% lower than its 52-week high. From Sep onwards, it traded in a narrow range. (760H and 676L)Look at the chart now; it is testing the 760 level; let's see if there is an opportunity to the upside. If the Nifty gives...
Cmp - 25
Stop - Nil, Add more on relevant dips
T2 - Open, Review at 40
Expected Holding Period - 3 months or earlier for T1
Technicals - ✅, right
Fundamentals - ✅, will follow price
Ideas being shared only for educational purpose
Please do your own research or consult your...
MEGHAMANI ORGANICS as per daily chart pattern analysis is in the down trend channel and so far it tried twice to break the resistance level and thrice taken the support level. And on 26.11.2021 it has made strong candle. After breaking the channel once it crosses above 118 level then target 125 level. Considering market weakness be carefull in entering any new...
Clear all time high break out with high volume, pull back to the BO area.
Price action - cup break out(meaning proper accumulation happened)
Fundamentally - QoQ sales is increased, ratios are decent enough.
GRANULES INDIA has taken the support of its previous resistance 310 level as its support and if it breaks the support 310 level then the next support is 303 level and breaking the trend line another support at 295 level for the stock to reverse.However one can see a fresh buying opportunity only after full correction completed.