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Mangalam made a good move on Friday and thus crossed a formidable double resistance angle. If all goes well in the interim perod, we should be able to see the scrip scaling 444 soon.
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.
Strong support at 560, strong resistance is at 643. Intermediate term target is 780-800
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