Manali petro chemicals is very bullish for last few months and had gave awesome gains.
Again a breakout expected in this.
Needs nifty support for that and nifty is also looking bullish.
This post is for information purpose only.
good company fundamentally ..
nice breakout after 2018..
crude prices going up.. so beneficial in that way..
chart explains my trading plan..
this is my own trading plan and view.. only for self tracking..
Note: This is for educational purpose only.
There seems to be a bullish engulfing on the resistance turned support. Moreover, the bullish engulfing has come post first pullback.
RSI is 52 which is still in neutral zone. Buy above the high of current candle on closing basis.