As per previous chart history and technical analysis, I suggest this stock to buy at CMP or wait for the dip as mentioned on the chart Before entring into the buying trade, kindly consider below support and resistances:- Support Levels: Major Support (S2): 132.10 Major Support (S1): 134.25 Intraday Support: 133.75 Short-term Support: 137.06 Resistance...
Stock has tested 124 multiple times, I see possible breakout without retracement. One can enter now at cmp or enter at 1D breakout candle... FOR TARGET 185 i.e 93%
Menon Bearings Breaking out from rectangular box pattern. Can be added here at 145 for targets of 160-180 with sl of 130. This Small cap company have shown continuously increasing net profit and EPS from last four years. Even one can hold for long term for extraordinary gains.
menon bearings buy @ 140 target @ 171, 175, 179, 186 channel breakout risk reward 1.5 sl@110
Trading near all time high Waiting for monthly closing to close above 128 SL 80-84
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
MONONBE NSE is bullish if 89 holds. Near 52 weeks high. Positive Trend. Fresh breakout. **** Educational purpose only. Not Buy/Sell Recommendation.
expecting Good returns from Menon Bearings Ltd 60% in coming 6-8 months
Rounding bottom pattern along with cup and handle , support 80-82 can add there . resistence 92-94 ,if closed above next tgt 100/120
technical highlights: symmetrical triangle breakout near resistance level good volume bullish candle till now RSI 64 multiple near resistance breakout target= 87 sl= 70 risk reward ratio= 1:1
DATE: 24 MAY 2021 INSTRUMENT : MENONBE TREND: BUY TIME FRAME: 3HRS CMP: 62.90 BUY ABOVE: 66.25 STOP LOSS: 57.75 TGT 01: 69.40 TGT 02: 71.40 TGT 03: 74.35 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.