This scrip is expected to give breakout as it has formed good pattern. So traders keep on your radar to catch the momentum and enjoy the profit.Kindly like and share it to all your friends and needy people. Thanks to all.
This Stock is horizontally range bounded since August 2020. This time there could be a chance of breakout. Volumes are picking up as well. RSI showing strength. Entering just after a breakout would be advisable, as it needs a closing above 73. Fibo Targets are mentioned in the chart. After breakout one could enter and keep a stoploss of 69-67. Plan your trades...
Based on Technical on One Month Chart Basis, Munjal Auto Looks Interesting.
Munjal Auto short term targets
ENTRY MOST IMPORTANT ENTRY WITH HIGH VOLUME BREKOUT 65 TARGET 80 STOP 60
On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion. Great quarterly results. 12 weeks flat base. symmetrical triangle. Upper trendline BO with volume. Volume action in base suggests accumulation.
Munjal Auto has broken out of its B point and is on its way to reach point D in the ABCD Harmonic pattern. Looks strong going ahead.
After consolidation today we seen gap up opening and today's good volume shows the stock has potential to move up.