MARALOVER - can deliver 2X profits in the months to comeNSE:MARALOVER
cmp 87
can deliver 2X profits in the months to come
gave breakout at 85 and made high of 102. now back to 87 and retesting the breakout area
nice opportunity to take position
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
MARALOVER
#MARALOVER MARALOVERMaral Overseas Ltd.
#MARALOVER
NSE:MARALOVER
NSE:MARALOVER
CMP: 87.35
Target: 125
SL: 75
RR Ratio > 3
Time Frame < 6 Months
Almost 45% return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia