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.
Stock given BO then retesting and again near BO with massive volume burst, follow chart for proper entry and exit levels.
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.
MAN Industries is ready to break the down trendline.