Break Out Retest - Expect 200% upside Cup & Handle
Stock name - Manaksia Steels Limited. ✅#MANAKSTEEL trading above Resistance of 92 ✅Next Resistance is at 111 ✅Moved 60% in 3 Weeks Daily chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for...
NSE:MANAKSTEEL has broken out in WTF with good volumes. In last 2 weeks, stock has already moved nearly 60% up but still there is room to go further up. If I take the breakout from the previous swing close (instead of high) as a more conservative target then it comes around to 99. Stock is currently trading at 81.95. And if I take the target from the swing high...
Stock name = Manaksia Steels Limited. ✅#MANAKSTEEL trading above Resistance of 68 ✅Next Resistance is at 92 ✅Moved 18% in 1 Week Daily chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration...
Change of character Already break daily high and also all time high wait for retest will more potential to the upside Volume was so huge Only for learning
Stock name = Manaksia Steels Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
Manaksia Steel (Swing): Manaksia Steel is hovering around the multiyear supply zone. Script is set for a nice up move. Appropriate support, resistance levels are highlighted with target. Keep adding between 46-52 with a SL around 42. Trade offers a RR of more than 1:8. Note: Do your own due diligence before taking any action.
NSE:MANAKSTEEL BSE:MANAKSTELTD Time Frame – Weekly (Line Chart) Observations : - * Consolidation & range formation with good volume activity seen in 33-53 range. * Cup & Handle pattern form pattern breakout above 52.55 * ATH breakout above 64 Resistance – 55.75 / 64 / 76.60 / 90.15 / 111.20 Support – 42.50 level DISCLAIMER : NCFM Certified...
MANAKSTEEL NSE is bullish if 40 holds. New 52Week High. Fresh Breakout. Positive Trend. ***** Educational purpose only. Not Buy/Sell Recommendtion.
Price is at very important level. Waiting for it to break trend line and react to key level. #riskybet