MANGALAM WEEKLY BREAKOUTMANGALAM
CMP 132
BUY ON DIPS UPTO 120
TARGET 150 / 180 / 195 / 205++
Chart
Regards...
Harm⭕nics4Life
23/08/2024
MANGALAM trade ideas
Mangalam Drugs ..weekly breakout Mangalam Drugs have weekly buy signal and also traingle breakout as well.
MANGALAM | INCOMING BREAKOUTMangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases.
Following points to note before initiating a Long trade:
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1. Price keeps getting rejected from a resistance zone around the 155 level.
2. This time, price breaks out of a Symmetrical triangle near the resistance zone
3. A double bottom base provides a good foundation towards the eventual breakout of the resistance zone
Keeping the above points in mind, a long can be initiated as follows:
Entry CMP
SL 139
Targets of 1). 175.3, which is the Symmetrical triangle Pattern height, 2). 182.7
As always, keep your risk appetite mind before taking any trade. And always enter your SL first.
MANGALAM SWING BUYStock looks good to Buy at current price. The support level of 105-102 is seen which is string multiyear support level. We can see a swing action till 144-147 levels in upcoming days. At this level a strong RSI divergence is seen with price.
manglam drugsis consolidating in a triangle pattern .Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
MANGALAM DRUGS - Swing tradeMANGALAM DRUGS - Swing trade
Added Mangalam Drugs at 147
SL 140 DCB
TGT 62
MANGALAM Inverse HNS Pattern forming??NSE:MANGALAM BSE:MANGALAM
Time Frame – Weekly
Observations :-
* Consolidation & Range formation going on above weekly 200 SMA in 95-197 zone
* Inverse HNS Pattern formation seen on weekly/monthly time frame
* Since last 3 months consolidating in 163-135 range
* Taking good support of Weekly 200 SMA
*Major range BO above 197 & above HNS pattern neckline resistance line
Resistance – 242 / 287 / 343 / 442.40
Support – 135 / 95 & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Mangalam Drugs And Organics LimitedMangalam Drugs And Organics Limited all levels given clearly in chart, please trade based on ur own analysis with risk and reward....
Mangalam Drug ltdGreat setup
Invered C&H in all Time frame M W D need closing above 163
Ultimate target can be achieves of 400.
for study poupous only.
3 Good trades and Index Ideas for 8 August I daily make educational content videos on financial markets
swing trade using head and shoulder and flag and polesimple form of inverted head and shoulder in daily time frame
right shoulder make flag and pole and now breakout of right shoulder is coming so go long
2
green line - target 1
red line - target 2
MANGALAM DRUGS - 2X OPPORTUNITYBeautiful Set up
Expecting 300 first and then probably will cross ATH
Expecting Breakout ✌✌✌This scrip has formed Flag pattern and it is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
Mangalam Drugscircuit to circuit stock but it has the potential to go up.
After consolidation ready for a breakout.
dailyNifty
ConsolidatingFor the last 35 days Magalam is consolidating above the 2/1 support line with an upper bias and is expected to start up move shortly.
May turn bullish shortlyGood support around 129 and consolidation is likely to be completed in about 10 days.
