manglore chemical can make a move in a week, so look forward to a lot volatility here.
Entry Range 136 to 126 for long term. Asc Triangle and also Channel Breakout.
Nice contraction of volumes is see while the stock is consolidating and taking support of 73-90 zone and thereafter sustaining well above 98-104 supply zone too which it failed to earlier. It is trading above all its key moving averages too. Well it has broke our of this base and sustained well above it for 2 weeks now. 119-125 shall now act as good support...
#MANGCHEFER trading above Resistance of 134 Next Resistance is at 208 Support is at 89 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only....
Share Name : MANGCHEFER Company Name : Mangalore Chemicals and Fertilisers Ltd Price : 137.55 Type : Long Term & Swing Trade
-volume build up -trading near 52 week high & very strong resistance -no follow on sell from upper side shows strength in stock -keep eyes on rsi it should rise after breakout -trading above all crucial EMA
Buy MANGCHEFER above this resistance Target For 130 And 2nd Target 145 For More Follow. The information and commentaries are not meant to be an endorsement or offering of any stock purchase.
Looks like manglore chemical is set to touch the top again and with volume apparently!
Entry 84.3 Qty 295 SL 82.5 Took big position with very small SL Waiting for it to move in my favour to trail Other fertilizer stocks are very strong today, expecting this to move higher too
All detail for chat. good entry at mark price only. and must stoploss 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
long - CMP sl - 118.5 book out 30% at 3:1 rr and trail the remaining positions
Mangalore chemical & fertilizer CMP: 125 sl: 104(wcb) target: 160/185/250 Note: educational post
Stock has formed VCP on chart. VCP - Volatility Contraction Pattern Stock was consolidating in a tight range from few weeks near upper resistance line Good Setup for long position with good risk to reward. Please wait for close above resistance line. Disclaimer: I am not SEBI registered
Ascending wedge breakout above all key MAs with volumes. Stoploss is day's low.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
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Reason for long a) Price after post ABC correction is long b) VWAP and 200 EMA breakout for long c) volume and price spurt
The analysis is done on Monthly TF hence price may take few weeks to several months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...