Mawanasug has given the breakout. as you can see detailed description on chart.
Reson:
Successful breakout of the zone.
RSI > 50 Bullish Zone Incressing momuntum.
Very nice Volume in the stock for today.
Good consolidition of almost 1 year.
Price > VWAP that shows the bullishness.
Verdict :
Breakout successful, Strong bullish momentum
Plan of...
Mawana Sugars Limited long consolidation brekout from a cup and handale pattern.
Targets of 136/140 can be achieved in the short term. try to enter retracement zone on one day chart patern. i am new here any suggestion please comment and support
NSE:MAWANASUG We are seeing a Breakout of flag n pole pattern with good volumes. stock is rising after taking a support from 0.61 fib level and has crossed 0.786 lvl with a strong candle. We can see T1 - 168 very soon after that T2 - 203 then , T3 - 226 as per flag n pole target and 1.61 fib extension confluence. keep SL- 127.8
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Stock Name - Mawana Sugar. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 172. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to...
#MAWANASUG - Long term idea
CMP - 153
Can be looked in the range of 125 to 140
OR
Only Above 160
Next Levels can be expected 200,284,610
View will be negated below 67
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your...
Mawana Sugars is engaged in the business of manufacturing and marketing Sugar, Ethanol, and Cogeneration of Power.
The demand for ethanol in our society getting high we can consider taking a long position on Mawana Sugars, which is technically over a resistance creating a 52week high, with volume
Trade only on your Due diligence
Stock Name - Mawana Sugar.
As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength in Mawana Sugar
More strength will be visible once it will cross 145. Worth to keep in watch list for coming days
#This is not Buy and Sell...
#MAWANASUG
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
NSE:MAWANASUG Levels already mentioned.. Look for swing..
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