near rising tradeline support on weekly chart if holds weekly close above 125 can see strong pullback towards 150-160 levels sustaining above 160 expect big rally
Swing trade..... Which is in channel pattern which has potential to go for 62% to 100% for upcoming weeks...
Do your analysis before entry and take advice from your Fanicial advisor...
Note:- Education purpose only....
Thank you❤.
#MANAKSIA trading above Resistance of 171
Next Resistance is at 205
Support is at 112
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Cup is completed at the highs, wait for a pullback/handle formation to build positions. Volumes are telling a positive story with high on buying and low on selling.
MANAKSIA LTD is breaking out of a symmetrical triangle pattern with good volume.
Expect the stock to retest trendline after touching the minor resistance around 83 levels. That would be the optimal entry point.
CMP - 79
Target - 90/100
SL - 74
Study the stock & Trade Responsibly.
My views on Manaksia Ltd stock is may be given good profit in coming weeks. Because this stock Volume has Increased, now price at Support Area in weekly time frame , formed Hammer Candle pattern and Trend line is moving up.
If the momentum sustains, Looking to break highs of 94 and 96.
Currently trading above D-20, W-20, M-20 SMA's
Also above D, W, M - 50 SMA's
Crossed Weekly and Monthly Pivots.
Current week high = 6 Week Back High.
Once cross this level - we should be able to see good momentum upside.
Pls add to the watchlist and do your own research before taking a call.
Manaksia Ltd is primarily engaged in the business of trading Metals and other items
The company has delivered a poor sales growth of -4.76% over the past five years.
The company has had a low return on equity of 6.15% for the last 3 years.
Earnings include another income of Rs.54.91 Cr.
The company is almost debt-free.
Stock is trading at 0.64 times its book value...
NSE:MANAKSIA
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.
Excellent BO today need to hold the gain for further targets.
Multiyear breakout good under current in stock keep on radar.
Volatile stock trade with cautious buy and hold
Stop loss 87
@vijaythakkar009
@ExtremeVolume @TheBreakOut @investing @forextidings @investment_ @vivek_mashrani
Looks like a Winning trade to capture a good move in few trading sessions. Entered at 66 today , Volume is good too.
Watch out for the SL.
Chart Study - Not a call
