MANALIPETC | Cup & Handle | Breakout#MANALIPETC
🚨 Breakout Alert: NSE:MANALIPETC
Cup & Handle breakout above ₹73.8 with strong volume 📈
📌 Target: ₹97.8 (32% upside)
✅ Bullish structure wait for pullback
✅ Low debt, niche player
📊 RSI nearing 70 — early momentum phase
#StocksToWatch #TechnicalAnalysis #Breakout
Trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in MANALIPETC
BUY TODAY SELL TOMORROW for 5%
MANALI PETCHEM, SET TO BECOME 2XMANALI PETCHEM 80 (W), after series of contraction is now set for price expansion. stock is breakoing out from ichimoku cloud with volumes backing up. Medium to long term investor can look for 150/160 range, almost 2x from cmp. Invalid below 60 closing on weekly basis
Manali Petrochemicals Ltd (Day Chart)Date 03.06.2024
A weak chart, but making inverted head & shoulder with support of 200 ema below right shoulder. Can go for longs once breaks neckline of the inverted head & shoulder
Keep 200 ema as stoploss, if slips below it, either exit or don't average
Or simply wait for price to break the neckline
Regards,
Ankur Singh
Manali Petrochemicals Ltd - Volume BreakoutAfter the bull run, price retrenched to fib level at 38.20%. The fresh movement observed in stock, aptly supported by volume and moving average.
Stop Loss - Below support level ; Target 1 - Rs 109 , Target 2 - ATH
Daily chart
9 months of consolidation, afterward symmetrical triangle breakout. The stock perfectly retested that level and uptrend continued.
Technical chart
From past 18 months, stock facing a strong resistance at 200 ema. Currently price closed above 200 ema with short average crossing over long average and supported by strong volume.
Thanks
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
BREAKOUT, MANALI PETROCHEM, 140% RETURNBUY - MANALI PETROCHEMS
CMP - Rs. 70
Target - 1: Rs. 100
Target - 2: Rs. 137
Target - 3: Rs. 170
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Timeframe - 2 months - 1 year
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Technicals - Trendline Breakout
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This is just a breakout, by an expert analyst, please invest at your own risk.
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I think a definite buy for swing tradeReasons for Buy
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Candle stick patterns
Bullish Kicker Pattern
Morning star pattern
Inverted Head and shoulder pattern
Indicators
MACD 26 line crossed up by MACD 12 Line
RSI is steadily rising towards 60
Volume is suddenly increased. So may be somne big bullish players aqre entering the game
Trend
Trend reversal happened. Downtrend to up trend started
Buy @69.05 Rs
Stoploss: below 65Rs
Target1: 71.50Rs
Target2: 75.15 Rs
Target3: 83 Rs (Doubtful)
MANALI PETROCHEM - MULTIBAGGER STOCK???BUY - MANALI PETROCHEMS
CMP - Rs. 66
Target - 1: Rs. 92
Target - 2: Rs. 124
Target - 3: Rs. 150
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Technicals - Bullish Flag BO
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Note: Target 2&3 will be achieved within 1.5-2 years, while Target - 1 will be achieved within 1 year.
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This is just a view by an expert analyst, please invest at your own risk.
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MANALIPETC | Good RRR Short Trade opportunity !!!Short Term Trade opportunity to earn good RRR
CMP: ~ 107 ( Buy @ ~ 109.5)
SL: ~ 98.8
Target: ~ 125.30 | ~149.65 | ~189 ( Swing Traders can exit @ T2)
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!