MAITHANALL trade ideas
Maithan Alloys - 3.5yr Rounding Bottom BO RetestBUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Maithan Alloys Top End comes around 1400₹
>Good Volumes Seen Today
>If closes above 1140₹ then a Fresh Breakout
Maithan Alloys Ltd Bullish Flag PatternMaithan Alloys Ltd
Flag & Pole Formation on Daily Chart
Best Entry @ Above 1093
For the Target of 1173 to 1276
With a Stop loss of 980
Time Horizon 1-2 week
MAITHANALL | Trendline breakout and has good room to run 50%MAITHANALL | Trendline breakout and has good room to run 50% -
Small cap with low volume - But fundamentally valuable company like POLYCAB.
CMP : 652 (Dip until 615)
SL : 560
Target : 975
Almost 1:5 risk reward
[SHORT TERM INVESTMENT] MAITHAN ALLOYSThe stock looks good to buy for a quick 10-20% quick profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MAITHAN ALLOYS LTD - Multiyear BreakoutOn the weekly chart , a multi year breakout has been witnessed.
The overall picture suggests a cup in formation.
MAITHAN ALLOYS - SHORT TO MEDIUM TERM IDEAIts Better to Check on Monday !! if its is momentum can be added immediately and then wait for retest..
According to me BEST BUY rate is 650-660 levels with Stop Loss of 580 on Closing Basis !!
Metals are hot right now .. if Profit booking comes be ready to average around 650-660 otherwise if it still goes up from here.. adding zone on retest and SL will be different..
Multi Year Breakout - Retesting DoneMaithan Alloys Ltd. is involved in the business activities of Manufacture of ferro-alloys.
Multiyear Breakout Visible on charts with huge Volume. The stock has retested its breakout and bouncing again with good volumes.
Accumulate with SL at 725 for Targets of 900-1000 respectively
MAITHAN ALLOYS Positional Buy1. Strong Fundamentals
2. Volume Pick up
3. Pattern Break
4. 52 week high
MAITHAN ALLOYS ON A BREAKOUTMaithan Alloys has been consolidating for about 22 months before giving a breakout. It has finally given a breakout @720. Target would be 895 and stop loss @678.
Disclaimer: I'm not a SEBI registered analyst. This is not a recommendation to buy or sell. For educational purpose only.
Buy Maithan AlloyMy idea is for educational purpose.
Buy Maithan Alloy @735 for short term target of 20-30%.
can see a break out in the chart now ready for long runtheir is a long time break out in chart now can see a next resistance at around levels of 900 good buy opportunities
MAITHAN ALLOYS bullish uptend channelClosing above 625 will push till 660/700 targets. If closes below 560 it will head towards 500 levels
