NSE: MHRIL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11% gain on...
Chart looks good, also amazing RR ratio. In daily chart between 4 and 5 candles are consolidating near long term support. Though risky however RR ratio will be amazing.
Entry : above 287 SL : 250 Reason for trade: Currently the stock is trading at upward channel pattern. wait for the channel to break out with considerable volume. Note: am not SEBI registered analyst. do your own analysis before taking any positions
The setup looks good for a bullish trade. Cup and handle pattern formation given a good breakout at the lower levels