Maharashtra Seamless- Double Bottom & Rectgular pattern Breakout
Maharashtra Seamless has given a double bottom and rectangular breakout with big volumes. I am expecting this stock to move towards our targets. Other factors:
1. From a downward channel, the stock has started its reversal giving a double bottom and rectangular pattern breakout.
2. Volume Candle - The breakout candle is big volume candle
3. The 20 EMA is crossing 50 EMA is a sign of bullishness
4. Fundamentally:
- 55% market share share in seamless pipes
- Zero Debt
- 850cr of capex in till FY 26
- consistent profitability
This stock given above parameters should move towards our targets.
Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price!!!
Cheers!!!
1. From a downward channel, the stock has started its reversal giving a double bottom and rectangular pattern breakout.
2. Volume Candle - The breakout candle is big volume candle
3. The 20 EMA is crossing 50 EMA is a sign of bullishness
4. Fundamentally:
- 55% market share share in seamless pipes
- Zero Debt
- 850cr of capex in till FY 26
- consistent profitability
This stock given above parameters should move towards our targets.
Keep following Cleaneasycharts as we provide Right Stock at Right Time at Right Price!!!
Cheers!!!
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