Maithan Alloys Ltd Harmonic PatternMaithan Alloy Ltd. is in Harmonic Bullish Shark Pattern on its Daily Chart. B point retrenched less than 0.786 Fibonacci level of XA leg. C point is the extension of XA 1.13 to 1.618 Fibonacci level. and D point is the Projection of XA 0.886 level and BC 1.13 level, which shows the same price point i.e Rs.666/-. Eventually, this should be the target of this stock before reversal. This analysis is for educational purpose. Longby absu21Updated 0
MAITHAN ALLOYS: Almost 3 Yr Channel Breakout! ⚡⚡Trendlines are marked. Candle is bullish. Daily volumes are rocket high!Longby Maverick_7772
Long rounding Bottom Patternwith the boom in metal sector. Good accumulation seen in last three months, Valuation comfort so a good Techno Value PickLongby devgan0
Maithan Alloys - Technical AnalysisExplanation in Chart. Strong fundamental script with good promoter holding. For value buy wait for correction at suggested levels (maybe around 400 for not so conservative buyers). If broader market moves it might break current levels as well and touch 700 level.Shortby akshaybothra1
MAITHAN ALLOYS - LONG TERM PICK FOR 30 % TO 60 % GIANSBUY LONGTERM = 1-2 YEARS FOR 35% TO 60% CMP -562, TGT - 780/1000+ SL - 460(ST) , 330 (LT) **This post is for educational purpose, please concern with your advisor before investing in market related instruments.**Longby aabbhhii20
Coming out of Blue ?After long sideways consolidation, it changed the character. Then it formed a low cheat in form of pullback to 50 DMA. Beautifully rounding out on weekly chart. Then broke out today on high volume. Tgt - at least 600 and 620Longby Neel300
MAITHANALL | 17% opportunity - Nearing trendline supportMAITHANALL | 17% opportunity - Breakout but struggling however i hope it will stabilize shortly as it is Nearing trendline support zone. CMP : 512 (can buy upto 500) SL : 480 Target : 590 1:3 risk reward Longby srikartiram115
Maithanalloy: In Consolidation (Symmetric TriangleMaithanalloy: Weekly Chart. Currently consolidation (symmetric triangle pattern). Levels in Chart.by sykhan0
bought few today in the last moment.Not looking bad for 699,800!Keep on radar! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.Longby PositionalPicks1
Maithan Alloys - Heating to Shape up - Good Investment (2)Technical: Strong breakout Awaiting After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500. Fundamental: Undervalued Market Cap: 1600 Cr. P/E: 6.2 Debt to Equity: 0.01 Book Value: 285 Price to Book Value: 1.4 1. India's leading manufacturers and exporters of niche valued added Manganese Alloys, Ferro and Silico Manganese, used in manufacturing of stainless steel for enhancement in strength and durability of steel. 2. Provider to prominent domestic clients like Jindal Steel, Tata Steel, SAIL, Arcelor Mittal and to international clients like China Steel, Qatar Steel and more. Exports to 35 countries. 3. Consistent profit and sales growth due product niche in the market with commitment to efficiency and low cost curve. 4. Sales Boost through India's Infrastructure Growth and Housing for 2020 scheme by Govt. 5. Recently, invested 600cr for a new plant setup in Bankura to generate 1,20,000 tone Overall, a strong management making consistent growth on low debt cost. The company is unvalued as per my analysis and it shall further move up to the price range of 3-4x of book value, which will be around 850-1150 levels. Any opinions or comments on the same will be appreciated. Regards Longby NeeteshJainUpdated 6636
Short term bullish, came back from resistanceSupport is at 343, resistance at 414,if it turns bullish, intermediate term target is 483by sabyasachi_nath2
Maithan facing resistance at trendlineHi All, The charts of Maithan alloys are looking very interesting. Will this one move past 544 on weekly closing basis or retest 490 which is now a triple bottom (a very strong support) Waiting for clear trend to emerge and adding on SIP basis. Disclaimer: Vested interest and biased views.Educationby atulastra0
Maithan alloys 27 Sep 18Any weekly close below 542 will lead to stock testing support at 495-490 levels Disc: 1. No open trading position 2. Educational purpose onlyEducationby atulastraUpdated 1
Maithan Alloys 13 Sep 18Sell with a target if 545 stoploss of above 600. Disc: 1. No trading position 2. Educational purpose only Educationby atulastraUpdated 0
Maithan Alloys Ltd! Pennant Chart PatternTechnical : (Daily Chart) Pennant Chart Pattern Breakout Confirmed! Technical Target : 1000 Strong Fundamentals : (Fundamental Medium Term Target 2200) (Fundamental Long Term Target 3300) 1.Total (Mkt. Cap) : 2408cr 2.Debt : 0.05cr 3. Stock PE : 12.20Longby sagar.potekar.7Updated 224
#MAITHANALLC > 678 and H > 679 needed to resume the momentum on D close C < 623 and L < 611 needed to fall further down on D basis to 589 CCI D/W/M >100by krishnakhanna2
Maithan AlloysThe stock has seen good movement of late and had attempted to break out today. A sustained close above 500 for the stock can see it rallying further. As of now it is a wait and watch stock.by Jeet242