MANAKALUCO has given a breakout on its weekly charts from a much consolidated symmetrical triangle pattern. Target range would be equal to the range of the triangle i.e. Rs. 5.05 from the point of breakout. This provides a target of Rs. 15.25
I have used a simple price action theory on the 15 minute time frame of Nifty 50.
As we can see that from 18th May, 2020 Nifty 50 started making higher tops and higher bottoms where up swings are marked with green arrows and retracements with red arrows.
Then on 8th June, 2020 Nifty made a high of 10327. But on the next day i.e. 9th June Nifty 50 couldn't cross...
