UnknownUnicorn39322609

MAN INFRA CONSTRUCT LONG

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NSE:MANINFRA   MAN INFRACONSTRUCT
We have analyzed above mentioned stock on hourly time frame. We have used anchored VWAP and linear regression line. Stock has formed double bottom pattern at 75. As per anchored VWAP line, Support line at 79.60. Stock is currently traded at 80.90. We can buy this stock with stop loss of 79 and take profit around 87. Risk to reward ratio in this trade is 1 : 3 which is very good. Stock is having good fundamentals with TTM PE ratio of mere 18.27. Stock is able to go beyond 87. Investor can hold this stock for longer period of time.
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