Taking this trade during following reasons as per marked entry and exit: 1. Candle patten – Bullish engulfing 2. Chart Pattern – Descending triangle or it is also in Channel. 3. Volume – Price with big volume but no breakout yet. 4. RSI – Taking support at 40 and moving to 80’s 5. Moving average – Crossing 200 SMA 6. (Risky trade with Entry at Blue line, Stop...
The above stock stuck inside a consolidation zone. Expecting a good movement and the direction is yet to be sensed. If the upper zone is broken bullish move can happen and if the lower zone is broken down movement is anticipated.
MRPL has forayed into the Retail service stations business with a unique retail brand ‘HiQ’. The Co. has service stations located in Mangalore, Hubli, Maddur, Mandya and Gubbi, Tumkur in Karnataka
techenical nad fundamental analysis discuss about chart pattern
Chance of breakout.expect good moment in coming days
Expect breakout.last day gain 18% expect more gain up coming days
good support on 100. hoe this would sustain here. next support below 100 is 75rs, next target 125
*for educational purpose only. Gave breakout on hourly time frame wait for closing and retest.
The stock looks good above 138 forming a flag and pole pattern on 15 mins chart timeframe. *Only for learning purpose.
Clearly a breakout can be seen above 124 levels Buy above 123 for the targets of 138-140