Meghmani Organics Parallel channel Breakout
Stock out of consolidation and correction.
Green arrow shows three phases of stocks namely UPTREND,DOWNTREND and CONSOLIDATION
Currently in Wave C of correction or Wave 3 of impulse which should end near 78 zones.
Long all dips towards 60, Stop Loss 49 on daily closing basis
Expected positional targets 100, 115, 130+ have potential to double.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
Don't forget to hit like button and follow. If you like my work can donate coins of tradingview.
Stock out of consolidation and correction.
Green arrow shows three phases of stocks namely UPTREND,DOWNTREND and CONSOLIDATION
Currently in Wave C of correction or Wave 3 of impulse which should end near 78 zones.
Long all dips towards 60, Stop Loss 49 on daily closing basis
Expected positional targets 100, 115, 130+ have potential to double.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
Don't forget to hit like button and follow. If you like my work can donate coins of tradingview.