Hi everyone
Welcome to technical analysis of MANGLMCEM on weekly timeframe.
There are two important levels marked on the chart i.e. 340-350 and 145-150. If we see the price action near these levels are crucial. Seen 5 times near resistance, those are explained briefly-
1st instance- when it made a lifetime high of 350 for the first time it took resistance by...
A good breakout happened in TNPL last week which gives a small healthy move. It slumped 6% in the last trading session i.e., 12 Aug. It may spend some time above resistance, then for a good retest and then good to go for bigger targets.
Avoid if closes below the resistance.
After trendline breakdown on a daily timeframe, DOLATALGO taking a pause with good base formation.
You can look for long opportunities on breakout of base.
