MacPower CNC - Peak momentumA stock that's moved without much fanfare..The company has good growth but also has a good sized order book..
Long above 1595 with a Stoploss below 1471. (Breakout)
Add again above 1721 into new ATH territory.
MACPOWER trade ideas
Macpower CNC Machines Darvas Box BreakoutNSE:MACPOWER has given a clean darvas box breakout. A stop loss at 1500 can be maintained in this trade.
MACPOWER CNCPrice is in a good consolidation phase
Fundamentals are good.
Order Block zone can be used to accumulate
Capitalizing on earnings gaps"📈 With a remarkable earnings turnaround of 60% in the Sept '23 quarter,the stock has seen a phenomenal price gap up,soaring from 432 to 1085.💼💰 Capitalizing on earnings gaps could be a savvy strategy for investors looking to ride this momentum wave🚀 #Investing"
Inverted Head & Shoulder Pattern 📌Inverted Head & Shoulder Pattern
💚Keep on Radar
MACPOWER
+ Weekly BO
+ Validated with Volume
+ Trading above Key EMAs
MACPOWER CNC showing signs of strengthMACPOWER CNC showing good signs of demand at 50 ema with strong volume. Historically this scrip has always taken a good support from 50 ema and continued its positive trend. Another sign of strength is the scrip hasn't yet covered the price gap created on Sep 2022. This shows a strong demand for this scrip. Plus points in this scrip is its positive growing balance sheet and negligible debt. I have entered in this scrip and placed stoploss at 274.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
MACPOWERbullish engulfing pattern along with good price movement , ready to go for 260. if crosses 235.
place stoploss around 223.35. trading near strong demand zone
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 🙏🙏🙏
