MANALIPETC Looks interesting On the verge of breakout. Need to watch out for this one.
For education purposes only
MANALIPETC trade ideas
MANALI PETCHEM, SET TO BECOME 2XMANALI PETCHEM 80 (W), after series of contraction is now set for price expansion. stock is breakoing out from ichimoku cloud with volumes backing up. Medium to long term investor can look for 150/160 range, almost 2x from cmp. Invalid below 60 closing on weekly basis
#ManaliPetro changing gears again On weekly TF, stock has made a good base of 18 months now
Weekly breakout close seen with volume uptick also.
Stock from here on can gv investors 30-50% returns on 8-12 months TF
Main tain SL 70 WCB
Manali Petrochemicals Ltd (Day Chart)Date 03.06.2024
A weak chart, but making inverted head & shoulder with support of 200 ema below right shoulder. Can go for longs once breaks neckline of the inverted head & shoulder
Keep 200 ema as stoploss, if slips below it, either exit or don't average
Or simply wait for price to break the neckline
Regards,
Ankur Singh
Manali Petrochemicals Ltd - Volume BreakoutAfter the bull run, price retrenched to fib level at 38.20%. The fresh movement observed in stock, aptly supported by volume and moving average.
Stop Loss - Below support level ; Target 1 - Rs 109 , Target 2 - ATH
Daily chart
9 months of consolidation, afterward symmetrical triangle breakout. The stock perfectly retested that level and uptrend continued.
Technical chart
From past 18 months, stock facing a strong resistance at 200 ema. Currently price closed above 200 ema with short average crossing over long average and supported by strong volume.
Thanks
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
MANALIPETCMANALIPETC
REVERSAL on cards
keep an eye
dips to 73 can be bought
SL below 68
Target 91/108 and then more..
Amazing swing trading ideas for 20 dec markets I daily make educational content videos for swing / positional trading
MANALIPETC Swing longPre-burst pick for double Target.
Above 77 more fireworks.
You can add in dips near 60.
Support zone 56/60.
Manali Petro - U TURN?Looks like Manali petrochem is ready to come out of consolidation, worth following..
strong weekly candle with volumes
Breakout - Manali Petrochemicals Ltd Waiting for Breakout Manali Petrochemicals Ltd. can add dips. investment pick
Will break out soon, just need a close above violet moving averaSoon it will break out. Target is not set. But double triple will go the price
2 Amazing swing trading ideas for 20 October markets I daily make educational content videos for swing / positional trading
MANALIPETC - Small Pattern I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
BREAKOUT, MANALI PETROCHEM, 140% RETURNBUY - MANALI PETROCHEMS
CMP - Rs. 70
Target - 1: Rs. 100
Target - 2: Rs. 137
Target - 3: Rs. 170
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Timeframe - 2 months - 1 year
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Technicals - Trendline Breakout
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This is just a breakout, by an expert analyst, please invest at your own risk.
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I think a definite buy for swing tradeReasons for Buy
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Candle stick patterns
Bullish Kicker Pattern
Morning star pattern
Inverted Head and shoulder pattern
Indicators
MACD 26 line crossed up by MACD 12 Line
RSI is steadily rising towards 60
Volume is suddenly increased. So may be somne big bullish players aqre entering the game
Trend
Trend reversal happened. Downtrend to up trend started
Buy @69.05 Rs
Stoploss: below 65Rs
Target1: 71.50Rs
Target2: 75.15 Rs
Target3: 83 Rs (Doubtful)
MANALI PETROCHEM - MULTIBAGGER STOCK???BUY - MANALI PETROCHEMS
CMP - Rs. 66
Target - 1: Rs. 92
Target - 2: Rs. 124
Target - 3: Rs. 150
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Technicals - Bullish Flag BO
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Note: Target 2&3 will be achieved within 1.5-2 years, while Target - 1 will be achieved within 1 year.
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This is just a view by an expert analyst, please invest at your own risk.
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Healthy correction done and now coming to strong support at 55Demanding Business and huge growth potential in a long term.
IS THIS THE TURNING POINT FOR MANALI??The Art Of Channel.
It is still a risky bet but with minimun Stop loss.
The structure looks neat.
PLEASE REMEMBER TO PUT A STOP LOSS.
MANALIPETC | Good RRR Short Trade opportunity !!!Short Term Trade opportunity to earn good RRR
CMP: ~ 107 ( Buy @ ~ 109.5)
SL: ~ 98.8
Target: ~ 125.30 | ~149.65 | ~189 ( Swing Traders can exit @ T2)
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Buy Today, Sell Tomorrow: MANALIPETCDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
TRENDLINE Breakout in MANALIPETC
Buy Today, Sell Tomorrow: MANALIPETC
