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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.
Mangalam returned splendidly returned from its support as can be seen in the chart. There could be an intermediate resistance but if it crosses 436 tomorrow on closing basis, 760 can be seen in intermediate term
Will find support at 415.
Had crossed 1/1 three days ago but could not sustain it. Tomorrow closing is to be checked. If closes above 390.25, the stock may move up to 670 in this run up.
Should cross 395 on closing basis for further up move
In this run up there is a resistance at 381.50. Hope it gets broken next week for further up move. Support at 244.
Coming out from a narrow range and consolidation since the past 5 months, can the stock sustain current levels and confirm a weekly break out tomorrow?