For 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.
Good support around 129 and consolidation is likely to be completed in about 10 days.
mangalam drugs buy for short term until they find corona vaccine... a very gret stock , after that it will be a penny one.invest wise....
It is not possible to find the resistance point while in its consecutive UC's. The support shall be extended from time to time, the present support being at 70.
Mangalam Organics made Inverse hammer pattern in down trend which is a reversal pattern.... we can long for investment with previous candle low as a SL.
MANGALAM DRUGS & O Daily Chart : Descending Broadening Pattern, CMP : 174.25 Buy Above 178.50 Buy Targets: 1: 202 2:225 3:240
MUNGALAM DRUGS BUY ABV :- 175 BUYING RANGE :- 175 TO 173 TGT:-195 200 205 SL 166