483 should be held tomorrow.
Strong support at 560, strong resistance is at 643. Intermediate term target is 780-800
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!
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
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.
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
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