Man industries has been on an uptrend since March 03, 2025 and it tried to BreakOut of the key resistance zone, but invain. Today the stock gained 6% with huge volume. Since March 03, 2025, the stock has been respecting the angular support trendline while making Higher Lows. If we observe carefully, an H&S pattern is formed at the top which indicates a bearish trend. Short-term EMAs are also in Negative Cross-over state.
If the stock gains momentum on the upside, then it may rise to the range of 458. On the downside, the stock may reach the immediate support of 379.
To monitor.
If the stock gains momentum on the upside, then it may rise to the range of 458. On the downside, the stock may reach the immediate support of 379.
To monitor.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.