MAN INFRA LTDLong
Man Infraconstruction - Long Setup
Man Infraconstruction (ManInfra) - Detailed Long Positional Trade Setup
ManInfra is showing signs of a potential breakout from its downtrend, making it an attractive long positional trade opportunity. Here's the detailed setup:
Technical Observations
Trendline Breakout: The stock is attempting to break above a descending trendline, indicating a reversal in trend.
Strong Support Zone: Significant support exists at ₹172-₹169, which has been respected multiple times in the past.
Volume Confirmation: Recent bullish candles are accompanied by rising volumes, validating the breakout strength.
Supertrend Reversal: A possible supertrend buy signal confirms upward momentum.
TEMA Alignment: Short-term moving averages are starting to align positively, signaling momentum build-up.
Trade Setup
Entry Level: Above ₹195 (Confirmation of breakout).
Target 1: ₹215 (Near-term resistance level).
Target 2: ₹230 (Extended target based on Fibonacci levels).
Stop-loss: ₹170 (Below the key support zone).
Rationale for Trade
The setup aligns with technical indicators like the breakout from a prolonged downtrend, volume surge, and strong support levels. These factors collectively signal a high-probability trade with favorable risk-reward dynamics.
Note: Always monitor market conditions and adjust the stop-loss or targets accordingly. Trade responsibly!
#ManInfra #PositionalTrade #TechnicalAnalysis #StockMarket #Breakout #TradingIdeas
Breaking out of the downtrend! Strong support near ₹172-₹169. 🚀
✅ Entry: Above ₹195
🎯 Target: ₹215-₹230
⛔ Stop-loss: ₹170
#ManInfra #StockMarket #Trading #Breakout #LongTrade #Investing
ManInfra is showing signs of a potential breakout from its downtrend, making it an attractive long positional trade opportunity. Here's the detailed setup:
Technical Observations
Trendline Breakout: The stock is attempting to break above a descending trendline, indicating a reversal in trend.
Strong Support Zone: Significant support exists at ₹172-₹169, which has been respected multiple times in the past.
Volume Confirmation: Recent bullish candles are accompanied by rising volumes, validating the breakout strength.
Supertrend Reversal: A possible supertrend buy signal confirms upward momentum.
TEMA Alignment: Short-term moving averages are starting to align positively, signaling momentum build-up.
Trade Setup
Entry Level: Above ₹195 (Confirmation of breakout).
Target 1: ₹215 (Near-term resistance level).
Target 2: ₹230 (Extended target based on Fibonacci levels).
Stop-loss: ₹170 (Below the key support zone).
Rationale for Trade
The setup aligns with technical indicators like the breakout from a prolonged downtrend, volume surge, and strong support levels. These factors collectively signal a high-probability trade with favorable risk-reward dynamics.
Note: Always monitor market conditions and adjust the stop-loss or targets accordingly. Trade responsibly!
#ManInfra #PositionalTrade #TechnicalAnalysis #StockMarket #Breakout #TradingIdeas
Breaking out of the downtrend! Strong support near ₹172-₹169. 🚀
✅ Entry: Above ₹195
🎯 Target: ₹215-₹230
⛔ Stop-loss: ₹170
#ManInfra #StockMarket #Trading #Breakout #LongTrade #Investing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.