The stock consolidating in the range of 34.4 and 39.85 for the 6 months. Now its trying to break that level with good volumes. Accumulate in the range of 38-41. Very good sign is stock is trading above important Moving Averages. First Target is 47.6 and second is 49.4.
MANALI GIVEN BREAKOUT AND ALSO TRADING AT LIFE TIME HIGH SO GOOD TO PICK FOR 2-3 MONTHS STOCK MAY DOUBLE IN 2-3 MONTH USE STOP LOSS AT 30 TARGET 80-100-120
MPL breaking the Monthly resistance of 33.7 in a single shot due to news driven scenario.
Can complete the AB=CD harmonic pattern at 44.8 as the C retracement is 0.5
This stock can retest 33.7 for activity.. so better the enter only 25% of the position. as 42 is again a reistance for it
Pattern AB=CD
CMP 37.8
Aggressive Entry 37.8
Aggressive...
