The stock has given good returns in recent times. The stock broke out and pulled back. Now the same is available at low risk. Can be entered for a favourable RR trade.
Potential channel breakout because Propylene Oxide prices have gone up 7-8% in the last couple days due to shutdowns in China.
There could be a channel breakout above 108.50.
Long above 108.50 With a 3-5% SL.
Hi Guys,
Welcome to Thenali Views!!!
Please find our analysis for Manali Petro Chemical Ltd!!!
Manali Petrochemicals is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials.
Fundamentally the company Pros and Cons:
Pros:
1. Company has reduced debt.
2. Company is...
Fractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions.
How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace...
Manali petro..running in channel since last 2 months...big move expected on either side..more on upside move...buy @ cmp or around 76-77 with sl 75 day closing basis.....best buy above 90+ closing basis..target khula ashaman..100-110-150 ..
Manali Petrochemicals Ltd. engages in the manufacture sale of petrochemical products. It caters automotive, appliances, building and construction, energy, defence, paints and coatings, and soft furniture industries. The company was founded on June 11, 1986 and is headquartered in Chennai, India.
NSE
