Mah CIE - 319
has made double bottom pattern.
has broken major resistance and now moving above it.
moving above 200 DMA.
RSI well placed above 60 no reversal sign for now.
MACD in bullish territory suggesting a buy call.
Fibo levels targets : 347, 460 in medium to long term.
hold the stock has capability of giving fantastic return, if we get dips itll be the...
📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE
📊 Sector: Consumer Discretionary / Automobile and Auto Components
📊 Industry: Auto Components & Equipments
Weekly Time Frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving...
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on Daily TF hence it can take couple of days to couple of weeks to reach the target.
Logic, Entry range, SL and Target is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade...
Having crossed a few resistances , the stock is on song riding the channel beautifully.
One can enter even at current market price for a target of 174.
As long as the price doesn't break the lower side of the channel ( orange line) , there isn't any threat.
