1 DAY Time Frame- W PATTERN HAS FORMED.
Just keep patience to get supported on 61.80%.
3 times rejection from fib based extention 78.60% and got supported from 50.00% it's time to make new entries.
IDEA SHARED ONLY FOR EDUCATIONAL PURPOSE.
MANKIND PAHRMA is making breakout from a 3-month consolidation range. Its relative performance to CNX 500 turned positive, & the momentum indicator, RSI has not gone below its bull support zone of 60 during the entire consolidation period & that indicats strength in its bullish momentum. The structure on its weekly & monthly charts also is quite good. On the...
In the weekly timeframe, it is evident that mankind has successfully navigated through its first and second wave, and is now poised for the commencement of its third wave. Transitioning to the daily chart, we observe the initiation of this anticipated third wave, with the completion of its first sub-wave. Subsequently, the price retraced into the range of the...
mankind pharma 4hr time frame
buy@ 1819 target @ 1873, 1893, 1899, 1929.70
channel breakout
risk reward 1:2
its just a view trade @ your own risk
sl@ 1766
In the last 6 months, it has given a 50% return.
And now it is consolidating from last 3 months.
This is new IPO, and we can not give so much early commentary on this, I want to build position but I am waiting for the breakout.
If it gives upside breakout, then fresh mid-term position can be made and if gives downside breakout then it will...
MANKIND gave a breakout, keep the stoploss at 1780 on daily closing basis , target can be 1850-1950-2000
STOCK FUNDAMENTALS ARE-
MKT CAP-- 71832Cr
PE-- 48.66
DTE-- 0.02
ROE-- 17.24%
script taken support from 60 level of RSI and already given breakout from triangle /flag and pole pattern upside target could be next Fib level as pl on chart with breakout candle lower level as support.
I am not sebi registered : all posts are for study only. :)
**Disclaimer:** I am not a registered investment advisor and this is not financial advice. Please do your own research before investing in any stock.
**Hold:** Mankind Pharma is a good stock to hold for the long term. The company has a strong financial performance and a wide range of products. The company is also expanding into new markets, which will help to...
