Breakout in Maithan Alloys Limited with high volume...........
-volume showing strngth -rsi strong -indicators also showing momentum in stock is possible keep in radar it can give 20% upside move from here
Descending triangle breakout with volume spike Above EMA50 RSI near 70 and rising Great risk reward ratio Watch out for short term !!!!
MAINTHAN alloys good stock in mineral, sl 1070 tgt 1245
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Sector: Ferro Manganese/ Industry: Ferro & Silica Manganese Market Cap: 3,214.79 Cr. / Category: Small Cap Current Price: 1096.75/- Target Price: 1279, 1301.2/- Stop loss: 998.6 Ticker: NSE: MAITHANALL Recommendation: BUY (Buy Around 1053 – 1049) Date: 29/11/2023 Elliott Wave Theory Outlook – Maithan Alloys, Buying the Dips around 1053 – 1049 zone. November 29,...
i am not a SEBI register advisor, this is not a call to buy, its my personal opinion abt the chart. the stock is technically good
MAITHANALL | Triangle breakout with volume - Looks potential for 30-40% CMP :1100 SL : 1000 Target : 1500 1:4+ risk reward setup
Solid Consolidation at a beautiful level Valuation is very cheap The sector looks like a solid breakout is underway. Very strong fundamentals
Very Strong bullish momentum Price entry 30 degree from top ( Break out) Rejection-Re-test 45 degree from bottom. Price abv all moving averages. Good for long
This scrip is expected to give Trendline Breakout in the coming days as it is on the verge of Trendline. So Traders keep this scrip on your radar to catch the momentum. Thanks to All 🙏🙏🙏
MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracement
On the monthly and log chart, price is near a long term trendline. It is a 8 year old trendline starting from the low of 26 in 2004 and valid up till now. Price respected it more than 3 times and the same thing seems to happen now. Hence it is important to see the stock.
Volume seems to be decreasing but RSI is increasing. RSI is showing bullish momentum but volume is decreasing. There may be short term fall and it will bounce back again continuing bullish momentum. If you want to enter now, you can get better entry after a small fall.
Maithan alloys is setting up nicely on weekly time frame. Seems stock is forming double bottom on weekly time frame. Keep on radar for double bottom breakout above 1050. Can expect retesting of all time high. Fundamentals are also supportive for higher valuations.
Maithan Alloys. Fundamentally isse aacha share aap ko nhi mil sakta..that also in capital intensive business of metal industries. CMP:1011.
Tripple Bottom chart pattern completed in hourly timeframe. Price has retest/pullback the trendline RSI above 50 indicate the price has good strength to go higher in upcoming days Details are mentioned on chart. Please go through the chart.
Retesting the ascending triangle breakout and also horizontal support.mark levels and follow sl