Madhukavali

Madhukavali Updated 

Stock took support at trendline. good breakout on daily (change from LL to LH & HH) and weekly chart. Initial target = 100 INR (Psychological barrier).

Madhukavali Updated 

Cup and handle formation. entry only after breakout of resistance line. Volumes picking up day by day. Once done, trade can be targeted for 1.618 fib levels ie; 5148 INR SL could be placed below 50EMA

Madhukavali Updated 

for last 2 weeks, whenever there is a rise in price, there is a rise in volume; indicating interest. change in structure from LL to LH to HH. SL = 330 or 370 depending on your risk apetite. Once 435INR is crossed, Target could be IPO price = 500 INR. RR is good.

Madhukavali Updated 

Superb structure: Daily - Change in structure, making HH and HL. weekly - waiting for a breakout from 200EMA, and respecting trend line. Volumes were pretty good after excellent quarterly results, with an venture into EV's. Very good fundamentals, with zero debt. once price breaches, 16800, there is no stopping it. any pullback is an opportunity to...

Madhukavali Updated 

Change in structure from LL - LH to HL - HH. Resistance converted to support level now. RR is good. target levels as defined. Keep trailing your profits.

Madhukavali

Multi-year break out, with volumes on both weekly and daily chart. With market at all time high, market need to support the up move. So, let's have a tight stop loss. target = 327,2 INR stop loss = 217,0 INR