Breakout from downward trend and crossing a hurdle on retracement ! Fundamentally sector is having sales traction & company has very low leverage on consol basis, Beneficiary of Maharashtra Govt Pro Real estate policy... PS - This is not Reco to BUY, but stock to look at with positive bias...Do your own work
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Idea expressed on the daily chart :-
If it breaks the above resistance and crosses 55 we can see 60's level. and if the market is down on monday we can short it to target of 48.
MAN INFRACONSTRUCTION TRADED NEAR LOWER CHANNEL ..Best time to buy FOR LONG TERM
Breakout backed by strong volumes. Initiate BUY with a Target of 86. Stop loss 66.
Reversal confirmation awaited with H> 66.25 TGC CCI>100
good risk:reward ratio