Marine Electricals Hidden Gem poised to break two falling wedges and made a double bottom. target can be 40-65 in the coming days.
Inverted FLAG & POLE pattern. Double Bottom Pattern. If this area acts as a support, then news are good and this can give 10% profit on an intraday and more than 50% in 2 months. New is good, Tie up in business with ADANI, Newspaper, etc.
This stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation If anyones looking for a high rewarding low risk stock but rate of sucess is too low...
Marine clear gave breakout with good volumes NSE:MARINE
Marine Electricals Ltd. reversal from support level third time. Also RSI reversal from Oversold zone.
• On the daily chart, the stock has witnessed “Monthly Resistance Trend Line Breakout” breakout around 76-85 levels which signals resumption of the uptrend Huge volumes on the breakout , signals increased participation near breakout zone