NSE:MANAKSTEEL has broken out in WTF with good volumes. In last 2 weeks, stock has already moved nearly 60% up but still there is room to go further up.
If I take the breakout from the previous swing close (instead of high) as a more conservative target then it comes around to 99. Stock is currently trading at 81.95. And if I take the target from the swing high...
Manaksia Steel (Swing):
Manaksia Steel is hovering around the multiyear supply zone.
Script is set for a nice up move.
Appropriate support, resistance levels are highlighted with target.
Keep adding between 46-52 with a SL around 42.
Trade offers a RR of more than 1:8.
Note: Do your own due diligence before taking any action.
![MANAKSTEEL: [Trading Idea] Breakout in MANEKSTEEL](https://s3.tradingview.com/g/gbOlbECA_mid.png "[Trading Idea] Breakout in MANEKSTEEL")
