Noticed a strong breakout with high volume supported by a 3-week volume fallow up. new all-time high possible.
Stock retested the breakout resistance levels and now likely to resume rally
Buy at 735 Stop Loss at 675 Target 880, 1025 Note: This is purely for educational purposes only and is NOT a Buy/Sell Recommendation.
Levels mentioned on the chart. SL based on daily closing (DCB)
Adding in my portfolio and looking for 2R in upcoming days....
Man organics is out from cup handle and it is in corrective forming a bullish wedge
all details mentioned at the chart.i am not recomend any buy or sell just discus my view.
Stock Analysis of Mangalam organics. Technical Analysis of stock and its important levels
MANGALAM ORGANICS - VOLATILITY COMPRESSION - WEEKLY CHART
The stock has broken the rounding bottom pattern and successfully restest with continuation after the breakout. Can be bought for a target of 870. CMP-850. Please Like and follow! Happy Trading :) PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
One more chart set up looks attractive .Breakout lifetime high with extremely high volume .
For Education purpose only Monarg Perfect BO done last week, Successfully retested support. Bounce from support Superb Volume, C&H pattern. Dtd 9th May 2021
Mangalam May do good on price chart
Target will be 800+ and then 950+ SL big at 430 Pattern, my favourite triple top breakout
The stock has shown much strength in a volatile month. Also the volumes have been increasing over the past 4 weeks. CMP: 546 SL: 500 (on a closing basis)
Mangalam Organics Ltd is showing a very clear Cup and Handle Formation over a very long period of 8 months. It has taken almost 6 months to form a perfect Cup and another 8 weeks to form its handle. Its a wait and watch really. If the price touches 640 with reasonable volume break out, this stock is expected to touch new highs.