Mcleod Russel India LimitedMcleod Russel India Limited, As price turns heavily bullish after retrace, once can add to the positions here.. Longby gakingofkings0
MCLEODRUSSMCLEODRUSS, Price approaching demand zone, Make sure to trade with proper risk management.Longby gakingofkings2
McLeod Russell India LtdBrief about the company : McLeod Russell India Ltd. is engaged in cultivating, manufacturing, and selling tea. It works through the following geographic segments: India, Vietnam, Uganda, Rwanda, the United Kingdom, and others. The estate covers 27,360 hectares and produces the best tea in the world. It also produces 73 million kilograms of perfectly Blended tea annually. The exchange rate is 37.5 and has a book value of 158. Since shares are undervalued, this gives us a good entry point. The purchase price may exceed 35.8. The first target can be 152, the second 236, and the third 310, it can go up as high as 375 if you can wait.by VishuRGowda2
Mcleod Russel Finally Breaks Out Downward Trendline (Bullish)The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness. Target: 197-200 Stoploss: 175 Longby NeeteshJain6
Mcleod Russel - CorrectingWe have seen a five wave impulse from the low of 129 to the high of 220...Scrip is in correction mode now. We will assess how the correction progresses....If the move from 129 was an impulse we should hold the low of 129....Violation of 129 will set in tripple correction....Strategy is to buy @ 50% & add @ 61.8% retracements and hold with stop of 125..Longby NileshThete1
MCLEOD RUSSEL IN STRONG BULLISH TRENDAs per my analysis, I believe Wave 1 cycle (containing 5 impulse waves and 3 corrections waves, total 8 Waves) has completed and the buyers have moved in to take prices further up for a new wave. It will be a Wave 3 impulse extension. I believe it is a good time to get long in this one for all day traders, swing traders and investors. Initial RISK/Reward = 1:2 Swing Trade: 1:5 Longby NeeteshJain8
Mcleod RusselBuy on dips..After High of 386 we have completed a double correction at the low of 129.05....If the correction is over we can see stock making new highs in coming years..Violation of the low of 129.05 will set in tripple correction....Strategy is to buy on dips expecting new highs with SL @ 125Longby NileshThete2