bearish breakout downmishtann not updating any ethanol news, not reacting in basmati news, not giving any update from whats going on business not given a single update is coming in bearish mode its very bed to all shareholder of mishtann food
Trade ideas
Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart.
The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there.
Support at the bottom of the Channel has been tested 3 times, as shown in the image.
Looking good to me. What are your thoughts?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
[Swing Trade]Mishtann Foods CMP 17.78Mishtann Foods has significantly increased its profit share in the last quarter, and the notable rise in FII holdings is quite intriguing. I believe the stock is undervalued. Additionally, it has formed a cup-and-handle pattern, suggesting a promising outlook. I suspect something promising is developing here, I plan to add this to my portfolio during any dips.
MISHTANN Potential BAT Harmonic PatternIn this analysis, we will evaluate the technical aspects of MISHTANN's monthly chart to identify potential trading opportunities. We'll focus on key patterns and indicators to form a comprehensive view.
1. Breakout and Retest of Falling Trendline:
The most notable feature on the chart is the candlestick pattern showing a breakout and subsequent retest of a falling trendline. This pattern often indicates a potential reversal from a downtrend to an uptrend.
2. Potential BAT Harmonic Pattern:
Another important observation is the possible formation of a BAT harmonic pattern. Harmonic patterns are distinct chart patterns that may forecast potential price reversals. The BAT pattern, if confirmed, has a target around ₹29.89.
Proposed Trade Strategy:
Considering the insights from the chart analysis, here's a proposed trade strategy:
Entry: Initiate a long position at the current market price (CMP) of ₹13.99. The breakout and retest of the falling trendline, along with the potential BAT pattern, suggest a bullish setup.
Stop Loss (SL): To manage risk, consider placing a stop loss at ₹11.13. This level is selected to allow for minor price fluctuations while mitigating the impact of adverse price movements.
Target: Set a target of ₹29.89. This target aligns with the potential BAT pattern's projected price level and represents a significant price increase from the entry point.
Time Horizon: The trade is expected to play out over approximately 270 days, as indicated. Monthly charts reflect longer-term trends and may require more time for patterns to fully develop.
Conclusion:
The technical analysis of MISHTANN's monthly chart suggests a potentially bullish scenario. The breakout and retest of the falling trendline, coupled with the possible formation of a BAT harmonic pattern, provide a compelling case for an upward price movement.
However, it's crucial to acknowledge that trading involves inherent risks, and no analysis can guarantee specific outcomes in the dynamic stock market. Market conditions can change rapidly, so it's advisable to monitor your positions closely, employ sound risk management practices, and consider your overall investment strategy. Consulting with financial professionals is recommended before making significant trading decisions.
#MISHTANN breakout in WTF🚀🔥#MISHTANN breakout in WTF🚀🔥
-CMP 21
-CUP pattern breakout in WTF
-Huge volume buildup
-Tgt 25|30|++
Wonderful Breakout in MISHTANN🚀🔥Ascending Wedge Breakout occured in MISHTANN. It is assumed that the stock has been in an accumulation for many weeks, as the volume is seen larger for many weeks.
Possible Trend Breakout- Following Price Action Nicely-Symmetrical Triangle pattern
-previous resistance breakout + retest done which is good for another rally
-rsi, adx & macd showing momentum
-above all crucial ema & sma
Trendline breakout: MishtannBSE:MISHTANN has broken the downward sloping trendline. Breakout this time?
MISTANN FOODS LIMITED: UPWARD TREND STARTINGBSE:MISHTANN shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 32.85
Target 2: 39.35
Stop Loss: 26.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
MISHTANN - Food Inflation - longAnother Food inflation beneficiary
NOTE : Consult your financial advisor before any invesment decision
