Maharashtra Seamles - CMP: 289 Wedge BreakoutIt has given a sloping wedge breakout, with a good delivery volume. All oscillators indicating bullish bios. We can expect a wedge pattern breakout target of 340 in the near term.
MAHSEAMLES trade ideas
Maharashtra Seamless chart analysisMaharashtra Seamless chart analysis for intraday and swing trading
MAHSEAMLESClosed above 50 sma with good volume. Buy above 314, SL- 288.25 target 8 to 10%. For educational purpose only. Kindly contact your financial advisor before entering any trade.
POLE FLAG in MAHSEAMLESPole Flag breakout can be seen in this, after rallying upto 330 levels, it has retraced to 50% level, and started rallying. if it sustains above 304 level it can rally further. on hourly time frame it has given breakout of downward channel, it can rally upto 330, which is previous swing high, we observe price action once it reaches there.
Maharashtra Seamless Ltd. Trading IdeaA clear cup n handle formation can be seen. However, a breakout about 259 is required for confirmation of the breakout. This breakout must be met with good volumes as well.
Enter : 259-262
T1 : 306
T2 : 329
SL : 251
Thanks!
Maharashtra Seamles Ltd-Cup and handle patternMaharashtra Seamless Ltd stock shows cup and handle pattern in daily chart. First target is 320 which is the depth of the cup that has formed in cup and handle pattern. I would not suggest to buy at such higher levels today. Wait for the retesting level or can buy in dips. When it crosses 320 later, the previous support will be the resistance which will be 349.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Unusual Volume at Maharastra SeamlesUnusual Buying seen at Bottom of the trend, Buy positional for target of 400++
In consolidation. In consolidation and the support is expected to come at 430. Once it turns bullish and starts to move, it does not have any worthwhile resistance till it doubles, may be.
Gone below 3/1 angle, hope to be recoupedSupport at 400, resistance at 485, if it crosses resistanec and remains bullish, traget will be 665 in the intermediate term.
maharastraseamles at supportmaharastra seamles is at its support 393 buy above 406 for a target of 466 short term
