we are looking MANINFRA in bullish move.
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Formed the support in the range of 155-160 and looking good for further upmove. Love to see 240. Holding from 40s(70s before bonus).
P.S this is my updated chart to my previous idea, unable to add the chart there.
MAN INFRA
CMP 120.85
Completed Rounding bottom pattern
Near to All Time High
Man Infra - Q1 FY24 result - Good ✅
Excellent YoY and good QoQ
YoY revenue - 523 cr Vs 360 cr ⬆️
YoY PBT - 113 cr Vs 58 cr ⬆️
YoY PAT - 82.4 cr Vs 38.9 cr ⬆️
EPS - 2.22 vs 1.05 ⬆️
QoQ revenue - 523 cr Vs 692 cr ⬇️
QoQ PBT - 113 cr Vs 122 cr ⬇️
QoQ PAT - 82.4 cr Vs 81.56 cr ⬆️
EPS...
Long ManInfra around 71 and buy any dips till 65 with SL of 53 on WCLBS. I have shared this stock to my friends around 35 but have not posted here as I rarely post. I feel it has more to go.
Observations -
Cup formed, have to see whether it will form a handle or will do with round bottom alone.
On the verge of Parallel channel breakout.
Looking at the volume,...
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
NSE:MANINFRA
Stock has succesfully breakout the 131.10 price level on daily, weekly and monthly timeframe aswell. now on weekly time frame the stock is on retest level. so It may give rally upward. buying can be planned above bullish candle fromation.
Targets can be 160, 188, 218.
SL = 112
The market is currently exhibiting a remarkable confluence of bullish indicators that hint at a potential upcoming surge in prices. Let's delve into the various aspects that collectively point towards an encouraging outlook for investors:
1. Cup and Handle Pattern Breakout:
One of the most promising signals observed is the Cup and Handle pattern breakout....
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
The company has reported total income of Rs. 471.7766 crores during the period ended December 31, 2022 as compared to Rs. 413.9134 crores during the period ended September 30, 2022.
The company has posted net profit / (loss) of Rs. 84.7741 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 53.28 crores for the period ended...
