Mangalam Drugs can multiply 4 times from herePerfect buying range is 76 to 80 levels
target ismore than 300 in next 2 to 3 years
MANGALAM trade ideas
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
mangalam drug & chemmangalam drug & chem breakout with support of trend line we can see 160 & 170 better to add on 120-130
Mangalam Drugs-Nice BreakoutMangalam Drugs-Nice Breakout
Capital to be deployed -20k
Investing Price -122-123
Breakout Price -122
Stoploss -110
Targets -178-225
#mangalam #StockMarketindia #StockToWatch #StocksInFocus #stockstowatch #StocksToTrade
In-Depth Analysis of MANGALAM (NSE: MANGALAM)Technical Overview:
1. Support at Rising Trendline:
MANGALAM has found consistent support at a rising trendline on the weekly chart. This indicates a level where buying interest has historically emerged, suggesting potential bullish sentiment.
2. Breakout at RSI Divergence:
The breakout observed in the Relative Strength Index (RSI) divergence is a positive signal. RSI is a momentum indicator, and a breakout here may precede a similar move in the price chart. This suggests a potential reversal or continuation of the current trend.
3. Break above 200-DMA:
The recent break above the 200-day Moving Average (200-DMA) is a significant development. It often signals a shift in the overall trend dynamics, with the stock moving from a bearish phase to a potentially bullish one.
Trade Execution Strategy:
Entry:
Consider entering a long position at the current market price (CMP) of 108.5. This entry point aligns with the breakout at RSI divergence and the support at the rising trendline.
Stop Loss Placement:
Place a stop loss at 89. The stop loss is set to provide a reasonable buffer against short-term price fluctuations while also aligning with the technical support level.
Target Setting:
Set a target of 133. The target is based on the analysis of the rising trendline and the potential for a bullish trend continuation.
Risk Factors and Considerations:
1. Market Conditions:
Monitor broader market conditions and potential external factors that may impact the stock or overall market sentiment.
2. Confirmation of Trend Reversal:
While the technical signals are positive, always be vigilant for additional confirmations of a trend reversal, such as sustained buying volume and further bullish candlestick patterns.
3. Corporate Developments:
Stay informed about any corporate developments, announcements, or industry-specific news that could influence the stock.
4. Continuous Monitoring:
Regularly monitor the trade for any shifts in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions.
Conclusion:
MANGALAM exhibits positive technical signals with support at the rising trendline, breakout at RSI divergence, and a break above the 200-DMA. The trade is initiated with a comprehensive risk management strategy. Regular monitoring and adaptability are crucial for navigating dynamic market conditions.
MANGALAM This stock had been a BO after a good move now made a flag and pol PATTERN and given a BO now 1:1 1:2 1:3 RR Achievable.
Its just a my setup let me know about it in the comment section.
DISCLIMER: Its not a call before investing take an advice from your financial adviser.
Mangalam drugs is good to buyMangalam drugs has given Good breakout with volume..and has a good risk to reward ratio ...
#MANGALAMSimple ICMC Breakout With Shadow Shunting.
Did Retest Entry and does the target
Support at MIZone
Moving further towards 131
MEDIUM TERM INVESTMENT PICK : BUY MANGALAMStock should five Valid KBO Setup Next week. Entry Will be Triggered above 202.40 STOP CANDLE CLOSE BELOW KS LOW.
Target 282/320/If Sustains above 320 for 2 Consecutive Days then Big Rally to come/529/640
Stock formed Bullish Divergence and Price did try to push up a bit and resulting to a failure. But this time we have KBO lets see how this Stock reacts after entry activation.
Mangalam Drugs - Pennant formation A break on the upside through the pennant could see 240 being hit in a week's time. However results out on the 8th of May and therefore may be prudent to observe the pattern till then, before taking a position.
Bullish on Mangalam DrugsMangalum Drugs seems to be ending it's downtrend. A close above the UTL could signal the start of the new impulse. It's likely that this impulse would lead it to new highs.
Mangalam Drugs Long updateThe wave 2 correction in Mangalam Drugs seems to have become a bit complex. Now it appears to be at a structural support. Also there is 61% Fib support. So it's likely that the up move could start.
Any move below wave 1 low would negate this setup.
