MOL | Big trade just using momentum to averageMOL | Big trade just using momentum to average
CMP : 87
SL : 80
Target : 105, 130
MOL trade ideas
MOL tight consolidationthere has been a tight consolidation on daily chart, that too just below trendline.
for upside, there is a earning gap-down. directional move possible post this consolidation.
after rallying 24% recently from the lows of 77, it is consolidating. keep tracking this.
MOL meghamani organics ltd long term view above 136above 136 it may try to retest previous high .. as one can see simple levels on chart .. one can try with strict stoploss after consulting registered certified funda techno expert . posted only as learning via sharing not responsible for nay p&l
Meghmani Organics: Stock is forming Double bottom Seems Meghmani Organics is forming double bottom pattern on daily time frame. Keep on radar.
MOL is anmol*for educational purpose only.
MOL is Slowly moving along trendline, it is silent now but may boom so fast.
So to gain more profit enter with strict SL of 120.
MOL | Breakout from the consolidationMOL | Breakout from the consolidation
CMP : 141 (Dip : 135)
SL : 125
Target : 165 (Based on Fib)
But usually this kind of breakouts are highly potential for trending moves.
Resitence cleared heading to previous high of 150Beautiful Chart structure. Agro chemicals as a theme doing well and Titanium Oxide plant would be a game changer for this company
Meghmani Organics : Chart Breakdown The stock is fundamentally sound with growth and earning perspective. The previous year results were excellent with good management commentary.
After a listing gain, the structure of chart becomes bearish as Lower High – Lower Low. The price was moving in symmetrical triangle but respected the listed price of Aug’21.
The positive buying seen in stock in the month of Apr’22, the price consolidated and given breakout with 25% of upside in short term. The breakout did not sustain and retrenchment to 50% fib i.e., level of Rs 114.
The level of Rs 114, acted as key support in current structure, simply means resistance become a support. A long wick with body candle was formed at support level, indicated the sign of price reversion and with positive momentum stock moved further upside; explained below with additional parameter. .
Price Structure: The price following DOW theory i.e., current closing price is greater than previous day. It’s a continuous streak of 3 days, mentioned in chart with arrow.
Volume Structure: It is clearly visible that volume is increasing with price movement, favourable structure for long position.
RSI: Relative Strength is above 60, indicating strength in assets.
Moving Average: The price taken a support at EMA 55 and currently above EMA 20.
Thanks
AJ
MOL - Double Bottom PatternMeghmani Organics (MOL) has formed a double bottom (W) pattern and is on the verge of breaking out. On Monday, it formed a very big bullish candle and is very near to touch its all time high level. If it manages to sustain prices over 150, it can be expected to touch 170 levels in the near future
excellent time for longsthe counter has broken out if the channel with volumes 2 days back.
corporate commentry being strong, there is a lot of volume in this stock
price is sustaining above the breakout levels
further looking into the counter shows a lot of shorts are created every day to bring down for big players to buy.
delivery percentage is 25% meaning for someone to buy, he has to take from the public by hook or crook.
keep on watchlist for 25-30 percent targets
Buy Today, Sell Tomorrow: MOLDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MOL
Buy Today, Sell Tomorrow: MOL
Meghmani Organics Possible Double Top Pattern Spotted #Breakout Meghmani Organics Double Top Pattern Spotted .
As you can see the context , Price was in already Short Tern Uptrend and it Recently Broke Pennant which is kind of Bullish Continuation Pattern .
Now the Stock is facing Resistance at 123 Level but the Good thing is volume more than usual Near the Breakout Level Once it broke the 127 Level And sustain above then it will show you 140-145 Level in No time, buy i can say this is Risky Trade for now , either you wait for Price to sustain above 127 or you can go Long now with small SL to Ride the Wave .
If you have any question feel free to ask .
MOL is luking gudMOL is luking gud for upside move after gives BO with Huge Volume.
Indicator is also favourable
30 % buying at CMP rest of adding at retest Zone.
This is not any buying and selling recommendation its only for Educational Purpose.
MOL -- Weekly time frameon weekly time frame its showed breakout you can enter after retest or now
thank you
looks like good trendline breakout, Keep on radar!Looks like good trendline breakout, however, need to cross 120 to get the momentum!
Disclaimer: Not SEBI registered. Charts produced are for personal reference only and not any recommendations.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Expecting Brekout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Buy Meghmani organicsAccording to weekly chart anylasis its trade in symmetrical triangle buy @105 or above for target 120-125-130++ immediate target it sounds good for investment also.
Swing Meghmani organicsAccording to chart anylasis its trade in parallel channel and as of now good for swing buy @115 or above for target 130-136-145++
How cute! My yet another techno-funda bet for long term!Disclosure: SEBI unregistered. Charts produced are for personal reference only and not any recommendations.
MOL : FRESH BOWaiting to close above 120, Finally ready to blast
TGT - 140 & 160+
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
Cup and Handle Pattern Breakout - Multibagger StockInvestment Pick
MOL Good Fundamentals with strong future. Keep Accumulating
