Man Infra Construction has taken good support at fib 0.5 ( from March 202 lows to the all time high) and consolidated and reversed.
the levels are placed and described.
targets are from upcoming resistance and Fibonacci reversal from ATH to reversal level.
Place your stoploss accordingly.
Financial results were good and it has goo dividend payout.
Note. Research...
As we see NIFTY take support from the 200EMA and 0.382 FIBO LEVEL after being bearish from the last 3 days. NIFTY will start its bull run again if it sustains above 200EMA.
Right now, Nifty is continuously breaking its all time high's. But its in the edge of rising edge pattern.
The Rising wedge will most likely to push the market downward for some correction. Also the RSI is in overbought levels. Correction can start to happen anytime. Wait for the RSI breakdown for short for a target of 15200 & 15000. 15000 will act as a Strong...
