(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
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
Munjal Showa Ltd. engages in the manufacture and sale of auto components. Its products include front forks, shock absorbers, struts, gas springs, and window balancer for two wheeler and four wheeler vehicles. The firm provides manufacturing and testing facilities. The company was founded in 1985 and is headquartered in Gurgaon, India.
MUNJALSHOW
