MANGALAM ORGANICS LIMITED

BSE

MANORG

Strong resistance at 400. If it is crossed successfully then the next target will be 534

The stock is expected to tread in a narrow range with upper range of 396 and lower suppsrt of 354 unless it manages to close above 396 in which case a level of 530 can be seen inintermediate term

Mangalam could hold on 2/1 support when it was able to close above 384 on Friday, If the scrip shows sustained bullishness now, a target of 502 can not be ruled out in intermediate term

There is a support at 381, which is a good support for reversal. However, I have a hunch that today's low could be the low point in this down trend. We will know it for sure by tomorrow.

483 should be held tomorrow.

Strong support at 560, strong resistance is at 643. Intermediate term target is 780-800

Support at 550, resistance at 633, target at 760

support 540, target 624

May consolidate and see a level of 427, with an interim target of 515

This stock has a pretty strong EPS and sales growth. a 400cr mcap company. The past few months of price action has been quite wide ranged so, I will be a bit careful here with my long and protect with an sl of price close below 20 ema.

Returned from resistance at 505 which is required to be crossed on closing basis. Support 425, target 590 in medium term

If it doesnot not recoup the support in a day or two, downtrend might start!

once crossing 505 on closing basis, nest stop is around 600! keep an eye!

when to book profit?

Facing a resistance at around 480-481. Its a buy if it crosses 481 on closing basis for a target of around 535 in short term

Near strong support 465. Resistance at 630, target 840.

Immediate resistance between 535 to 545, which if crossed, I hope 800 will be tested in medium term. Support at 440

Mangalam Organics has just crossed long term 1/1 ascending angle and is poised for a target of 777 if it remains bullish consistently. The stop loss is very close at 440.