MAYURUNIQ trade ideas
Intraday Trade: watch for resistance breakoutbuy mayuruniq above 547 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MAYURUNIQ: VCP PATTERN FORMATIONNSE:MAYURUNIQ
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
3 Time Volume Contraction Pattern | MAYUR UNIQUOTERS 💼MAYURUNIQ Daily: Looks good for more upside above 531
1) 3 Time VCP Pattern
2) Falling Volumes
3) Exports to companies like Mercedes, BMW
#MAYURUNIQ CMP 470.45 #Target 569(20%+) $Profit $GLD $MAYURUNIQ#MAYURUNIQ
NSE: MAYURUNIQ
CMP 470.45
Target 20% = 569
SL : 430
Time Frame < 4 months
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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Falling wedge Breakout on Mayur UniquotersFalling Wedge consolidation breakout signaling Uptrend continuation.
Swing trade :inverted Head & Shoulder breakout BUY ABOVE 320
TARGET 333, 344, 367, 400
more strength above 345
Mayur Uniquoters - Inflection PointAfter years of sideways movement followed by under performance this company looks poised to make a move.
Formerly only a PVC artificial leather manufacture they have now setup a plant for PU based artificial leather which feels more like the real thing. Until now India imported over 90% of such requirement from China. They already supply many footware and car manufacturers and have recently tied up with Mercedes too after almost 4-5 years of pitching their products to them.
SO FORTUNES COULD CHANGE FOR THIS COMPANY SOON...
Technically the stock has just crossed its 200EMA and overall has a bullish structure. The stock could breakout above 328 and I would surely be buying it there. SL on this trade/investment would be 312 for traders and 292 if you are looking to invest in a company which has a new product coming to market.
The only short term trigger to watch for are its results on 12th Feb and if crude goes on a major run coz its raw material prices would increase.
I also expect its ROE/ROCE to start moving upwards now that expansion has been completed.
MAYUR UNIQUOTERS at a Crucial Weekly S/R ZoneMayur Uniquoters (NSE: MAYURUNIQ) is trading at a crucial long term weekly support/resistance zone of 300-310. 200WMA is also acting as immediate resistance at 330. RSI has turned bullish and the stock's trend has been bullish for a while. Break above this zone give a good further bullish move in the stock. Let's keep an eye.
MAYURUNIQ | Inverted Head and Shoulder PatternMAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.
Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock is trading at ~313.
MAYURUNIQ - Cup and Handle breaking 18 months' highHi Investors,
MAYURUNIQ is holding on to 305-310 level for the past 18 months. And consolidation near breakout level is a best entry points with small stop loss. Rest is explained well in the chart.
I hope you will benefit from this knowledge
-MetaVish
MAYURUNIQ - Cup and Handle patternHi Investors,
Mayur Uniq is a chemical specialist company. Making a Cup and handle pattern in a daily time frame. It is not an ideal shape, but it could give a nice upside trend above 305
I hope you will benefit from this knowledge
-MetaVish
