MOLDTKPAC - Mold-Tek Packaging Limited
MOLDTKPAC - BUY - Observation
Chart Insights : Weekly Chart
We can see stock is reached to Fibonacci retracement of 61.8% and expecting bounce.
Note: Only observation & keep monitor
After consolidation of three month and reverting falling pattern showing that stock again gaining its movement and see upward toward 1000 in coming one or two month
'M pattern' reversal on weekly tf
Price breaking the trendline resistance on weekly and daily tf
Weekly RSI crossing 40 (indicating end of bearishness in the stock)
SL-870, Target 1080, RR- 1:3
This is follow-up on Mold-Tek Packaging. Can check link to related ideas.
Target 1 achieved. More than 39%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
#MOLDTKPAC trading above Resistance of 994.35
Next Resistance is at 1144
Support is at 758.30
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Moldtek packaging is inside the channel and if it break the trend line can see a good move.
Draw on your chart and wait for the breakout by daily candle ( Strong ) closing.
Chart -> MoldTek Packaging Daily
The stock has given an all-time high breakout from a long consolidation of 9 months with huge volume.
Since it is in new territory, targets will be calculated as per Fibo.
CMP: 904
Good range: Around 860
Targets: 945, 986, 1063
SL: 804
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As...
Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move...
Uptrend and then Accumulation for months
ATH
RSI Divergence shows continuation of pattern
Volume Increasing from last some week
ONly for educational purpose.
Mold tek in a good consolidation range with increase in volume near resistance with RSI above 60 and Relative strength is rising. A good breakout can be expected above 780
