A little bit of overextended stock in longer time frame. Need to be a little bit cautious. Not a trade recommendation. Only for educational purpose.
Maharastra Scooters- Nice Breakout Capital to be deployed- 20k Investing Price -5870-90 Breakout Price -5867 Stoploss -5237 Targets-7794 RT for max reach #maharastra #StocksInFocus #StocksToBuy #stocks #stockstowatch #StocksToTrade
Mahascooter monthly chart brackout this is good share for the long term basis
Hello and welcome to this analysis MAHSCOOTER has given a Cup & Handle breakout in monthly time frame. It can be accumulated between here and 4500 for a target of 7500
Its fundamentally good stock. Good for the long term investment with good return. Here mentioning only the short term targets. 1st target 4070 2nd target 4300 Analyze yourself before going for any trade.
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. The stock is backed by good fundamentals. Upmove has been well supported by Volume. Trade setup is given in chart itself. The above analysis is purely for educational purpose....
Expecting pullback upwards 1823 will be crucial support
Looks like it is on a roll.... In upwards direction..
Cup and handle pattern. Breakout with good volume.