MENONBE - Menon Bearing Ltd - An Opportunity to BuyAs per previous chart history and technical analysis, I suggest this stock to buy at CMP or wait for the dip as mentioned on the chart
Before entring into the buying trade, kindly consider below support and resistances:-
Support Levels:
Major Support (S2): 132.10
Major Support (S1): 134.25
Intraday Support: 133.75
Short-term Support: 137.06
Resistance Levels:
Major Resistance (R2): 148.65
Major Resistance (R1): 146.00
Previous Day's Close: 140.90
Intraday Resistance: 142.1
Short-term Resistance: 139.32
Do your own research as this is my personal opinion and I am NOT SEBI registered person to suggest any stock
Thanks for your support as always
MENONBE trade ideas
Round Bottom BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
MENON BEARINGS :: BULLISH (BREAKOUT)DATE: 24 MAY 2021
INSTRUMENT : MENONBE
TREND: BUY
TIME FRAME: 3HRS
CMP: 62.90
BUY ABOVE: 66.25
STOP LOSS: 57.75
TGT 01: 69.40
TGT 02: 71.40
TGT 03: 74.35
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.