MEGHMANI ORGANICS NSE:​MEGH

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

Look on charts for details! I am personally invested from 101.35

Everything explained on the chart..

Scrip can rebound back from support levels Rest in charts. Bullish momentum sign 1) RSI indicator around oversold zone from where it had rebound back 2) Falling wedge pattern however volume is now required as an essential ingredient to confirm a falling wedge breakout to make it rise towards desired levels 3) Fundamentally sound company which has shown great...

Meghmani being a fundamentally strong company saw a drop of some 12% in past 4 trading sessions. I am a beginner in reading charts. I have tried to plot my understanding of the chart and basis that have asked a couple of question on triangle formation and neck and shoulder formation. It would be of great help if someone guides me on whether my analysis/...