Manglam cement - Looks good on WTF
The first entry was after the Trendline breakout
The second one is the horizontal zone breakout
Chart is self explanatory
Plan your trade
Trade Less Quantity due to less liquidity
on daily chart it is forming higher highs.
Good volume seen in the past few weeks.
Narrow CPR on weekly chart.
RSI has not sustained above 60 in last 2 year.
RSI just below 60.
breakout level 140
Mothersumi horizontal support & resistance.
Current price breached the resistance and became support.
stop-loss below the support line.
(Trading is probability.)
MANAPPURAM FINANCE (1D) Candle
Created three horizontal line where it takes support & resistance.
Top Horizontal resistance line(Green) price - 169.80
Middle Horizontal support line(Light brown) price -153.50
Bottom Horizontal support line(Red) price -139.60
Trade according to the Horizontal lines.
TCS have to cross 2075-2125 for further upside. If could not able to breach this levels on weekly closing will lead to 1809, 1707,1616 and may touch 1510 low.
In longer time frame, price closed above multi year resistance zone, and sustaining above it
in smaller time frame CnH pattern formed.
with sl - 495, 1st tgt - 690, 2nd tgt - 750
In monthly, price broke out of multi year horizontal resistance and sustaining above it.
in weekly, BB is trending up and and price sustaining above 20ma.
in daily, price broke out of consolidation and pushing upper BB upward, and BB is expanding
with sl - 24 1st tgt - 85, long term tgt - 155
in weekly, price broke out of horizontal resistance with good volume, and candles are pushing upper BB and BB is expanding.
in daily, there was a BB squeeze then price closed above upper BB and BB started expanding,
overhead resistance at 430,
with a sl - 280, tgt - 430
In daily/weekly, price brokeout of horizontal resistance, and moving up now.
also after price closed above upper BB, BB is expanding , sign of bulishenss
with a sl - 1224, ride the uptrend here.
