Manglm cement breakoutManglam cement gives a good decisive breakout from a resistance and also a trend line break out. Support and resistance mentioned
MANGLMCEM trade ideas
Bullish View on Mangalam CementOn the weekly chart of Mangalam Cement, we can see a strong breakout with high volume after four to five-time rejections, Also there has been a positive crossover on MACD.
Buy for a target of 390-420-480 SL 315. Time Frame :- 3 month - 1 year
MANGLMCEM MANGLMCEM (WEEKLY):- 362.15 CMP, LOOKS GOOD FOR MORE UPSIDE :)
1) Horizontal Resistance Breakout Done
2) Volume Breakout
DAILY SWING CALL // Friday 22th of February 2021 / MANGLMCEMDAILY SWING CALL // Friday 22th of February 2021 / NSE:MANGLMCEM
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 271
TARGET: 312+ (15% Around)
STOP LOSS: 244 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Mangalam Cement Taking support at multiple bottoms but it is on its way to break the trend line support. Short at the support
#MANGLMCEMAs the momentum arrives, will it cross the indecision zone?
H > 333 and C > 317 with strength required on weekly basis for a ride till 438
Indecision zone at 345 - 349
Detected by Querybuilder on 07/01/2020
Mangalam Cement look very positive investment This stock look very good for short term and long term investment, its look very positive in monthly weekly and daily also it also break fibo 23%
resistance level with volume and most supporting indicator like MFI-MACD-RSI all are supported in that case, So a good entry can be done on the current level 265-275 or above 280 zone and hold and possible stop will be 250 zone and targets are 300/330/380.
Mangalam Cement: A Potential Long TradePrice has bounced off the lower parallel of the Magenta-Modified Schiff pitchfork. More recently, the bounce off the 50-dma is a positive development. A breakout past the 200-DMA would be a major sign of strength and we can then make a strong case for a test of the medianline or the middle line of the Magenta pitchfork.
