The stock is showing exceptional momentum close to the long term breakout. Notice the Gap up in the latest weekly bar opening.
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)
BUY GUIDANCE:
Never ever buy...
On the weekly chart of Mangalam Cement, we can see a strong breakout with high volume after four to five-time rejections, Also there has been a positive crossover on MACD.
Buy for a target of 390-420-480 SL 315. Time Frame :- 3 month - 1 year
DAILY SWING CALL // Friday 22th of February 2021 / NSE:MANGLMCEM
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 271
TARGET: 312+ (15% Around)
STOP...
As the momentum arrives, will it cross the indecision zone?
H > 333 and C > 317 with strength required on weekly basis for a ride till 438
Indecision zone at 345 - 349
Detected by Querybuilder on 07/01/2020
This stock look very good for short term and long term investment, its look very positive in monthly weekly and daily also it also break fibo 23%
resistance level with volume and most supporting indicator like MFI-MACD-RSI all are supported in that case, So a good entry can be done on the current level 265-275 or above 280 zone and hold and possible stop will be...
Price has bounced off the lower parallel of the Magenta-Modified Schiff pitchfork. More recently, the bounce off the 50-dma is a positive development. A breakout past the 200-DMA would be a major sign of strength and we can then make a strong case for a test of the medianline or the middle line of the Magenta pitchfork.
![MANGLMCEM: Buy near stop loss [Positional Call]](https://s3.tradingview.com/l/Lo6VoBhw_mid.png "Buy near stop loss [Positional Call]")
