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The stock seems to give a descending triangle breakout with a high volume at the start. Currently the volume is less than average and the stock has corrected a bit but has managed to hold on the support line of Rs 302. Is this stock a candidate for long term hold or has it run out of steam?
Should we book the profit or hold (and expect it can withstand the small ...
Meghmani being a fundamentally strong company saw a drop of some 12% in past 4 trading sessions. I am a beginner in reading charts. I have tried to plot my understanding of the chart and basis that have asked a couple of question on triangle formation and neck and shoulder formation.
It would be of great help if someone guides me on whether my analysis/ ...