Mayur Uniquoters (NSE: MAYURUNIQ) is trading at a crucial long term weekly support/resistance zone of 300-310. 200WMA is also acting as immediate resistance at 330. RSI has turned bullish and the stock's trend has been bullish for a while. Break above this zone give a good further bullish move in the stock. Let's keep an eye.
MAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks. Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock...
Buy above 312 for 470. SL at 285 WCB
crossed 200wema, rsi bullish, good volumes
BUY ABOVE 315 TARGET 333, 344, 367, 400
Hi Investors, MAYURUNIQ is holding on to 305-310 level for the past 18 months. And consolidation near breakout level is a best entry points with small stop loss. Rest is explained well in the chart. I hope you will benefit from this knowledge -MetaVish
Hi Investors, Mayur Uniq is a chemical specialist company. Making a Cup and handle pattern in a daily time frame. It is not an ideal shape, but it could give a nice upside trend above 305 I hope you will benefit from this knowledge -MetaVish
CMP 282 SL 258 Target 350
The stock has been into a very tight congestion since last 7 months, previously an attempt to breakout was made but failed. From last two sessions the stock is attempting breakout again! What is important to notice that the last swing leg didn’t test the lower line of the rectangle, it indicates valid buying is taking place in the stock. 210 if saved on closing...
disclaimer... not an investing/trading recommendation
Candle Pattern: Harami Cross Bullish. Volume: More than 3X 20d avgerage. Observed Divergence in some of the technical indicators & oscillators. ( RSI , MFI, OBV, W%R etc.) Potentially Strong Above @ 418 - @ 420Treat as Swing Trade Hurdle level. Once closed above @ 420 with Volume Strong UP move. Witnessing Strong Volume in Last trading session. Regular Dividend...
Disclaimer.. invested upside targets if markup is initiated.. 1.from point and figure chart.. 2.using fibonacci extensions for the cycle wave 3 .. the 161.8% and 175% should be a conservative estimate for the markup bull run not an investing/trading recommendation