mumtazhamna

mumtazhamna

Based on the chart, it seems a bullish cup and handle trend is forming. The breakout level is at the blue line. If the stock happens to break that, it will be in a bullish trend. Fundamentally, MARI is a good stock and current news are in favor as well. This is a long term holding stock.

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The trendlines show a divergence in place. For those looking to book profits, now might be the time. For long term players, this is not much of a hinderance since the stock is fundamentally strong. Eventually it might dip into a good buying level which can provide an opportunity to increase holding of the stock.

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Lucky Cement is boosting a good growth. However, looking at the charts, we see both Volume and RSI Divergence in play. This is possibly a turning point for LUCK and a place to book profits if you are holding the stock.

mumtazhamna

The stock is in a bullish trend. Ideal entry point will be at 5.72.

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The price trend depicts a bearish trend. Current point seems to be a good entry point, backed by fib retracement at 0.382 level.

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As per Dow theory, the trend is clear. For entry point, use Fib retracement and enter at 1968.9. Trend is expected to remain bullish.