Didn't participate in bull run like other metal stock did, but also didn't fall much while market crash due to covid(2020).
YOY sales and profit's are increasing.
Price 170 is good support and can be set as a stoploss. One can take near term target as 220-240, soon it will shoot new life time highs.
#Midhani again long opportuniy
SL-179, BUY ON DIP for GOOD RR
Target -202,210,225.78
CMP:198.05 @ 1 November 2021
Time-frame 2-3 months
Sharing only for learning
After consolidating nearly one and a half year, I think it's ready for a great upmove , forming a head&shoulder pattern + support from 50 and 200 moving average , let's see what happened next
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
But midhani at cmp 185 for a tgt of 201/210/215. Last week of sep may see buying due to dividend. Risk to reward is favourable . It is ITC of PSU poisoned to reach 200.
Company : MIDHANI
Entry Price : 189.65
Stoploss : 170.65
Target 1 : 208
Target 2 : 218
MIDHANI at support zone and stock is oversold, expect a retracement.
This scrip has risk reward Ratio as it has beautifully respect the lower trendline. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
