Meghmani Finechem Ltd - 13.04.2023Meghmani Finechem Ltd - 13.04.2023
The Price is above EMA
The Stock can be considered for the long upside movement with support @ 951/-
Watch out for the price action
DISCLAIMER: This is not a stock recommendation. The post is only for learning purposes, understanding candlestick patterns.
Meghmanifinechemltd
Meghmani Finechem Limited - Multiple Indicators📊 Script: MFL (MEGHMANI FINECHEM LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Chemicals
📊 Industry: Specialty Chemicals
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1701
🟢 Target 🎯🏆 - 1829
⚠️ Stoploss ☠️🚫 - 1638
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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