MEGHMANI ORGANICS

NSE

MEGH

Bullish breakout observed meghmani organics with strong fundamentals.

Long with a stoploss of 60 on closing basis. Targets marked with black lines

Support at 59, rsistance at 68, target 74.5

NSE:MEGH www.tradingview.com

MEGHMANI came under the influence of the chart. progressive targets are 66 and 72.

MEGH

As per the daily charts, it has formed a symmetrical triangle, so waiting for either a breakout or breakdown. Accordingly trade direction can then be taken. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.

As per the weekly charts the stock is moving within the channel, so no trade as per weekly charts. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.

Bouncing back

Test 06

Levels mentioned on chart..

Good company to invest for short term/long term.

Wait for the full pattern or break the rules!! :P

09-05-2018 Can buy from 105, SL 90 (CB), T1 150, T2 175

Tom could be an interesting day...

Buy range above 111 Target 118 125 131 139 SL below 100 CBSL

Meghmani organics looking good for short term, next possible levels 112 and 120.. sl should be below 99..

Target -> 106 to 107 By Range > 100 SL -> 96