MIDHANI is religiously following the Fibonacci ratios taking support at 61.8 percentile . Long term target of 380 other targets shown on chart. May take couple of years to achieve this. Alloy is important Nuclear submarines and ships. So very good valuation.
Reason for long a) All time high set up b) super vwap c) weekly breakout d) volume and price spurt e) super trend positive SL compulsory
Volume is increasing good stock for positional trade Formation of cup pattern and breakout can expect min 2-4%in btst trade
Now moving towards second extremely powerful break out based on technical supported by strong fundamentals. according to my intuition, above 340 ,jump would be unexpectedly high. Watch carefully and also ask your loving expert before deciding.
BO after a long consolidation in MIDHANI. Could wait for a pull back and buy at support.
MIDHANI CUP N HANDLE BOX RECTANGLE BREAKOUT very nice consolidation pattern target will be 370 Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
MIDHANI has given a clear cut range breakout in the weekly charts. The candlestick clearly indicates a range breakout with the lower end of this range is 145 and higher end is 250. A positive crossover of indicators also been visible. The breakout of this range comes around 4 year. The pattern shows a target of 300 in very near term and the value of stock can...
Chart -> MIDHANI Daily Inverse head and shoulder breakout with volume! CMP: 225 Good Range: 210 to 225 Target: 263.50 SL: 206 Daily Close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
I daily make educational content videos for swing / positional trading
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned...
Market Cap 4,520 Cr. Stock P/E 25.8 Industry P/E 17.1 Dividend Yield 1.28 % ROCE 19.4 % OPM 31.4 % Promoter holding 74 % Pledged percentage 0 % Debt to equity 0.22 Free Cash Flow -73.7 Cr. Relative Strength > 0
In near term there is correction in stock and can fall close to 190 - 195. Once the stock closes above 214 then we can go long. Also fundamentally a new manufacturing plant is starting in 2023 which raises the forward PE for the stock. This has been accumulation since last 2 years and havent participated in rally. The defense local manufacturing will make it...
The stock has lately given a 3-year-old trendline breakout with huge volume. It has consolidated for 3 years in the range. Keep a watch - buy above 237 (carry on day closing basis) for a positional target of ATH (278.5) Learn & Earn, Dr. Tanya Kumar
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned...
Midhani is looking good to buy. Stock is breaking out from 2.5 years of consolidation. Keep on radar
NSE:MIDHANI Entry : Above 212 on closing basis Target : 224, 235, 248, 265 & 278 SL : Closing Below TL or According to Your Risk Management Reason for Trade : TL Break Out with Moderate Volume & Upcoming Divident | Maintain position Sizing | Keep strict SL | Book on each Target & Trail your SL I am not a SEBI registered analyst, All scripts posted here are...
Plain n Simple Multi week range taken out with High Volumes Wait for retest of Breakout Buy area 178-182 Sl Below 170 Tgts 240
Mishra dhatu nigam (Midhani) broken out from a channel with volumes✅ (In weekly TF) retest✅ Make in India theme (defence) which is creating assets as well. Good reward to risk on daily TF. Negative- being rejected from the top.