! Disclaimer: We are not registered advisors. The views expressed here ar merely personal opinions. Irrespective the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong a times
Stock name = Manali Petrochemicals 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...
Manali Petrochem resumed entire operations of plant 2, partial operations of plant 1, which were affected by floods in the South Indian city of Chennai
We are looking at the weekly chart, hence wait for this week closure.
after taking support at 52 broke of trend line today and was above 20 and 50 days moving average . Now will target 200 days moving average at 72.10
Buy Long Target 110 W pattern in Weekly Chart Clear W pattern
Manali petrochemicals go for long Harmonic pattern formed . Long term target will be 149
For details see the Chart !! Go Long for min Target 120. Disclaimer: Due Diligence !!
Enter above the resistance level of 110, once crossed with volume support. Shall update the target and stop loss levels when trade is triggered
After breakout Retest Confirmation also done. Buy at CMP good targets can be achieved
Manali Petrochemical Ltd. is a petrochemical company based in Chennai, India. Established in 1986, it markets propylene glycol and polyols Manali Petrochemical annually produces 27000 metric tonnes
Manali Petrochem is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). So rising crude oil doesn't impact it much, dont go for the name of the company Fundamentals Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is...
Head and shoulder pattern is formed with base line acting as resistance to the further movement
Manali Petro Descending Triangle Breakout. It will march towards the target Disclaimer : Only for Education and Learning purpose not a Recommendation.
- Undervalued Pick : MANALIPETRO CHEMICALS. - Reasons : - Pros : - Very UNDERVALUED Stock. - Price is taking support on SIGNIFICANT TRENDLINE. - Trend is still Upward after correction. - GOOD BUY RIGHT NOW FOR SHORT TERM ON TRENDLINE SUPPORT OR DEMAND ZONE. - CONS : - It is repeatedly coming in ASM STAGE 4. - It is now in the T2T SEGMENT. - GOOD FOR...
seems good RR and price action formation in this script. can go long as shown in the chart with SL-target. Disclaimer: Education purpose only.
Manalipetrochem is traveling in a trend channel. As manalipetrochem is a crude oil based company, the price of the crude oil may affect the company performance. The crude oil price also increasing and it may cause increase of their raw material costs and negative impact of their profit. The levels are mentioned in the chart buy or sell after breakout.
Long consolidation phase. A movement can be seen in the next week !!