Maithan Alloy Ltd. is in Harmonic Bullish Shark Pattern on its Daily Chart.
B point retrenched less than 0.786 Fibonacci level of XA leg.
C point is the extension of XA 1.13 to 1.618 Fibonacci level.
and D point is the Projection of XA 0.886 level and BC 1.13 level, which shows the same price point i.e Rs.666/-.
Eventually, this should be the target of this...
Technical: Strong breakout Awaiting
After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500.
Market Cap: 1600 Cr.
Debt to Equity:...