MUNJAL SHOWA gave weekly resistance zone breakout few days ago with gud volume bar as well as ascending triangle chart pattern breakout with gud volume bar after retesting picking up with gud volume bar can look for swing trade with your prefered RR.
GOOD VOLUME, RR GOOD, GO LONG, small SL will do. available on discount.
Munjalshow- Nice breakout. Capital to be deployed- 20k Price -127-130 Stoploss -105 Targets - 152-186-203 #munjal #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
Munjal Showa Limited is one of the largest suppliers of shock absorbers to major auto giants in India, Japan, Germany, the United States and the United Kingdom, amongst other developed markets. The Company's products conform to the highest standards of quality, safety, comfort and dependability and are QS 9000, ISO 14001 and ISO 9001 compliant. The use of advanced...
Munjal Showa Ltd - 07.01.2022 The stock is trading @ 129.65 levels The prices are above EMA There is a MACD Bullish Divergence in Weekly Chart Stochastic is Oversold in Monthly Chart Let the prices go above 134 levels watch out for the price action
Good trend continuation. Breaking out from RS and ADX is showing good Strength.