Maithan alloys is looking good with nice rounding bottom pattern. Can touch 1130-1140 in short time frame. View negated below 980. Company having solid fundamentals. Keep on radar
Fundamentals: Company PE- 3 < Industry PE -15.6, FII increasing its stake quaterly since jun2021(0.32 to 0.67 to 1.02 to 2.54), DII too increasing stake since sep 2021(0.48 to 0.51 to 0.62), almost Debt free with 74.99 promoters holding. Technicals: Forming cup & handle pattern , cup is perfectly formed n now it is at channel bottom getting ready to form handle....
looks similar to other metals. on crucial support. below this 900 zone but going there and breaking down would mean the bear grip tightening ! bulls need to hold here.
Buy Maithan Alloys Cmp 1132 Buying Zones - 1132-1025-970-925 SL - 795 (Weekly Closing Basis) Target - 1450/1700
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA - SL can also be maintained as 1% or closing below the low of breakout candle Levels mentioned on the chart are...
Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.
NSE:MAITHANALL Cmp : 157.50 Try on pullback near 1245. #Study, Learn & Earn. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
can expect good move after weekly close above1400, its has broken a range too
End of year target of 2000 Volume breakout with good numbers on earnings
All detail for chat. good entry at 1200 or 50 points Around price . and must stoploss is 1080 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
#MAITHANALL - Long term idea CMP - 1284 Can be looked in the range of 1190 to 1250 OR Only Above 1300 Next Levels can be expected 1375 ,1500,1784 View will be negated below 899 Disclaimer : We are not Sebi registered analyst or Authorized analyst The charts / Levels / Price projections are only for educational purpose. This is our personal view, Pls...
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade
maithan alloys formed rounding bottom and given breakout monthly chart
Maithan Alloys formed rounding bottom on monthly chart given breakout
CMP: 1285 - Descending Triangle pattern breakout - Crossed important resistance of 1200 - Taking support at 20 week ema - All Time High breakout with volume Too much artwork on the chart, but had to do it😝
Maithan Alloys CMP:1284 sl: 920(wcb) target: 1500/1700/1950/2500 Note: educational post
Maithan alloys has given a breakout from a strong consolidation of 7 months, also we can consider it as breakout a cup also because it hasn't achieved the target of the cup it has formed till now, but could achieve in recent times . Strong bull run in this stock is visible which was at halt for time being but now resumed the uptrend again.