at monthly level the stock is forming base and reverse is visible so one can enter above 31-32
Trend reversal break out in MEP INFRA Look @ weekly chart of MEP INFRA. Stock has cross strong horizontal line resistance line. Now trend turns bullish from negative after this break out. With this break out stock is ready to kiss 40---60 levels in coming days MEP Infrastructure Developers Ltd is into the business of collection of toll and construction of roads...
Buy MEP Infra @ 23 target 35+ SL 20 Disclaimer: This is just for educational purpose and always take advice of your financial advisor before taking any trade.
Consolidating at the important Fibonacci retracement level 50% should be on radar till 87-84 for a good pull back . A good long term stock in view of the new projects coming up.
MEP gave a weekly breakout and looks good for short term gains. good for investing CMP 47.2 SL 42 Tgt 57 (part book level) and rest target open