MULTIBASE trade ideas
Chart Analysis of Multibase (22 Jan 2022)Multibase India Ltd
It is engaged in the business of manufacturing, trading and selling of polypropylene compound
Highest ever weekly volume observed and manages to give weekly closing above 297 levels.
SL : 285 WCB
Only for educational purpose. Not a recommendation.
Consolidation on after break out. Presently 200 will act as a support and 241 will act as resistance.
MULTIBASE Weekly ChartMULTIBASE Weekly Chart
Stock is trading in a rectangle box pattern from past few weeks.
Volumes are very good from past few weeks.
BO from the box pattern will lead the stock to another 100 + points.
SL - 168
Hidden Gem..will you invest in this consolidation phase?Multibase india if am looking at weekly chart you can see it took 5 years from 2009 to 2014 in consolidation phase around 25-40. after it gave breakout and price went upto 10 times and given high of 342.50. Now again from last 1 year price is in the range of 300-200. can history repeat itself ? who will be on my side to enter in this choppy zone and wait?
