The stock consolidating in the range of 34.4 and 39.85 for the 6 months. Now its trying to break that level with good volumes. Accumulate in the range of 38-41. Very good sign is stock is trading above important Moving Averages. First Target is 47.6 and second is 49.4.
MPL breaking the Monthly resistance of 33.7 in a single shot due to news driven scenario.
Can complete the AB=CD harmonic pattern at 44.8 as the C retracement is 0.5
This stock can retest 33.7 for activity.. so better the enter only 25% of the position. as 42 is again a reistance for it
Aggressive Entry 37.8