Megmani Organic Ltd (Ticker: MEGORG) has recently experienced a significant breakup with impressive trading volumes, signaling a potential bullish trend reversal. The stock is now poised for an upward trajectory, targeting key resistance levels at 101, 115, and 125.
Technical Analysis:
Breakup Confirmation: The breakup in Megmani Organic Ltd was accompanied by...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
NSE:MOL has broken out after forming a nice long base. In terms of fundamentals, there doesn't seem to be any public news/reports but this week's volumes are highest ever and since it has broken out after a long slumber, it gives weightage to the view that stock might see significant upsides from here.
If this breakout sustains and price keeps above 200 DMA from...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
![MOL: [Positional Long] Meghmani Organics (MOL) Breakout](https://s3.tradingview.com/z/zx6TLUPR_mid.png "[Positional Long] Meghmani Organics (MOL) Breakout")
![MOL: [Basket] Meghmani Organics Buy Idea](https://s3.tradingview.com/x/xbSUpna0_mid.png "[Basket] Meghmani Organics Buy Idea")
