Huge Rounding Bottom Breakout done for the target of 440. Already C&H breakout and the target achieved. Now flying for higher targets
📊 DETAILS Sector: Construction - Infrastructure Mkt Cap: 1,657 cr Man Industries Ltd. is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. The company is among leading manufacturer of large diameter pipes with 3 Decades of presence in Pipe Industry. TTM PE : 14.61 (High...
On a monthly timeframe it's a multiyear breakout. On a weekly timeframe from May2023 it was struggling to sustain above the 147.10 levels. This week though it has managed to sustain above and also closed above its crucial resistance of 178. Now 138-162.50 levels (also swing low) shall act as a support for further move upwards. So this should be an ideal...
MANINDS is breaking out of a massive 17 year resistance. Recently also crossed a huge cup and handle pattern. High volumes and High RSI.
1.Formation of cup pattern 2.Struggling to cross the supply zone for more than a 3.Gap up is possible Good volume for posititonal trade MIN YTARGET -112
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Chart -> Man Industry Weekly A good base has been broken out with a good candle and volume build-ups. CMP: 105 Good Range: 95 to 105 Target: 113, 120 and 133 SL: 92 Weekly Close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
round pattern forrmed breakout and retracement done u can expect 3 target level suppose go down side move chance for rising wedge pattern suppport line
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A friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back. Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well. Normally I am long...