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marketmoneymohmaya
Jul 30, 2023 5:59 AM

MIDHANI - Weekly Chart Analysis  Long

MISHRA DHATU NIGAMNSE

Description

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Stock broke out of it long range consolidation of almost 3 years. It looks strong on a monthly timeframe too with volume support. Stock is seen sustaining above the 306 levels. Though a retest is pending of the earlier resistance (248-278) which shall act as a support now.

As per the trend based fib further levels that can be tested are 400-465. (Uncharted territory)😊
This view stands invalid if it closes below 248 levels on a weekly basis.

Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.

Comment

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400 - 1st TARGET DONE.
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