MIC Electronics cmp 99.80 by Monthly Chart views since listing*MIC Electronics cmp 99.80 by Monthly Chart views since listing*
- Price Band 67 to 77 Old Support Zone
- Volumes rising slow & steadily
- Price is trending along the Rising Support Trendline
- Falling Resistance Trendline breakout been well sustained
- *Stock was not traded between June 2021 to December 2021*
- Weekly Support at 80 > 59 > 40 with Resistance at 122 > 147 > 170
- *Stock completed Two Bullish Rounding Bottoms with neckline at Support Zone indicative of good upside breakout in the making*
MICEL
MIC Electronics Ltd - Breakout Setup, Move is ON...#MICEL trading above Resistance of 82
Next Resistance is at 110
Support is at 55
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.