I will buy MAYURUNIQ because :
The price has broken the resistance
It showed a good move upwards before breaking Resistance.
The price touched is breaking resistance after 7 years
Entry : 577
Target : 800
Stop loss : 500
NSE:MAYURUNIQ is consolidating in a channel pattern for more than 18 months and it looks ready and bullish to break it and give a big upmove.
It retraced after giving a breakout from its previous horizontal resistance and it may break the channel pattern with the next upmove.
Another bullish sign is that the stock moved to virgin territory and is spending some...
NSE:MAYURUNIQ
In Monthly Charts we have confirmed BO around 520
Cup and Handle as well as All Time High Breakout
Pattern Targets : 721 - 856
Beyond 856 Targets via Fibonnaci : 1075 - 1210 - 1430
SL : 440
Time Horizon : 12-24 Months
Monthly RSI>70
Continuous Buying and Accumulation since Jan2021
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
Next Leg of growth in Mayur Uniquoters should come as the stock breaks its 2018 high to claim a new all time high. Stop Loss is marked. Hold for 2-3 years for 100% + returns
Mayur Uniquoter - seems to be breaking out of range since 2014.
Great buying opportunity.
RSI and MACD showing positive momentum on Daily and weekly timeframe.
DarvaX box strategy to be followed.
If daily candle closes above the upper trendline, buy opportunity can be made.
Future targets could be multi fold.
Disclaimer: This is for educational purpose and not...
MAYUR UNIQUOTER as per daily chart analysis has broken the multiyear resistance line and also broken the channel and above 512 level and target 520 is achievable.
buy mayuruniq above 547 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before...
MAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.
Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock...
Hi Investors,
MAYURUNIQ is holding on to 305-310 level for the past 18 months. And consolidation near breakout level is a best entry points with small stop loss. Rest is explained well in the chart.
I hope you will benefit from this knowledge
-MetaVish
Hi Investors,
Mayur Uniq is a chemical specialist company. Making a Cup and handle pattern in a daily time frame. It is not an ideal shape, but it could give a nice upside trend above 305
I hope you will benefit from this knowledge
-MetaVish
