Manali Petrochemicals Ltd - Volume Breakout
Atualizado
After the bull run, price retrenched to fib level at 38.20%. The fresh movement observed in stock, aptly supported by volume and moving average.
Stop Loss - Below support level ; Target 1 - Rs 109, Target 2 - ATH
Daily chart
9 months of consolidation, afterward symmetrical triangle breakout. The stock perfectly retested that level and uptrend continued.
Technical chart
From past 18 months, stock facing a strong resistance at 200 ema. Currently price closed above 200 ema with short average crossing over long average and supported by strong volume.
Thanks
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Stop Loss - Below support level ; Target 1 - Rs 109, Target 2 - ATH
Daily chart
9 months of consolidation, afterward symmetrical triangle breakout. The stock perfectly retested that level and uptrend continued.
Technical chart
From past 18 months, stock facing a strong resistance at 200 ema. Currently price closed above 200 ema with short average crossing over long average and supported by strong volume.
Thanks
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Nota
pause and resume with volume
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.