MUNJAL SHOWA

NSE

MUNJALSHOW

(A) Monthly Gapdown resistence 267-55 - 264.05 (B) Top is confirmed until momentum returns (C) Low of B is not breached, cancels B (D) Pinbar is neither bullish or bearish (E) Current month candle must be a BH>50%CH candle with H> 243.95 (Pin Bar High) and C> 235.35

(A) Monthly Gapdown resistence 267-55 - 264.05 (B) Top is confirmed until momentum returns (C) Low of B is not breached, cancels B (D) Pinbar is neither bullish or bearish (E) Current month candle must be a BH>50%CH candle with H> 243.95 (Pin Bar High) and C> 235.35

One can look to buy Munjalshow at 278.8 with SL 264.8 and TGT of 294.8

The stock has given a clean Cup and Handle Break out on good volumes and is set to gain strength further. A trailing SL of 221 can be maintained on the stock going ahead

Good investment for 50-60% returns.