* Made a rounding Bottom and breakout with high volume .
Closing above 625 will push till 660/700 targets. If closes below 560 it will head towards 500 levels
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...
Maithanalloy: Weekly Chart. Currently consolidation (symmetric triangle pattern). Levels in Chart.
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. Fundamental: Undervalued Market Cap: 1600 Cr. P/E: 6.2 Debt to Equity:...