BUY - MANALI PETROCHEMS
CMP - Rs. 66
Target - 1: Rs. 92
Target - 2: Rs. 124
Target - 3: Rs. 150
.
.
Technicals - Bullish Flag BO
.
Note: Target 2&3 will be achieved within 1.5-2 years, while Target - 1 will be achieved within 1 year.
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
MANALI PETROCHEMICL fandamental and techenical analysis
Discussion
company business
growth
debit to equity ratio
ROE
promoter holding
UPTREND
Strong price action with high volume
support and resistance
only for education and learning
NSE:MANALIPETC
Manali Petrochemicals Limited (MPL) is engaged in the business of manufacture of petrochemicals. The Company is engaged in offering polyols and propylene glycol.
TTM EPS; 23.17
TTM PE: 6.10
Sector PE: 25.84
Book Value Per Share: 39.53
P/B: 3.58
Face Value: 5
Mkt Cap (Rs. Cr.): 2,432
Dividend Yield: 1.06
Some Positives:
High...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Fractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions.
How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace...
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..
charts are self explnatory
by timing got good entry..
charts were not working because of market hence couldnt post anything
should hit one more circuit tommrow or atleast 10% up
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.
