MEP appears promising to me, and I'm optimistic about its potential to be a multibagger. I've acquired some positions at 15.95, and I believe the current price remains favorable for investment. As of now, our stoploss is set at 11.
Disclaimer: Investing in stocks carries inherent risks, and past performance is not indicative of future results. It's important to...
As per chart shown , 5 year trendline broken which will obviously give huge breakout....
Multibagger in making if all goes well....Target can be 100+++ soon....
MEP Infrastructure
RB Formation: Monthly Basis
5% Upside need led to Break MultiYear Price Trendline
If Sustains, then Good to Go!!!
Vol. BreakOut/ Further BuiltUp Required!!!
Do your own Research as well!!!
Happy Investing:)
MEP infrastructure consolidated over 50 days moving average then increases and running above 50 DMA
Stock given trend line breakout
RSI positive
MACD giving buy signal
Running above 50 DMA
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.
