MAN INFRA LTDLong
MANINFRA - Weekly Chart Analysis
After almost a ~50% move from the low cheat trigger point the stock broke the ATH levels (116-131)and managed to sustain above it for 3 weeks and 15% range which was taken out this week on good volumes.
I shall wait for further confirmation of at least 1 close above 155.50 on daily timeframe.
Stock is showing good strength and so is its index. It is trading above all the key moving averages.
View gets invalid if it manages to close below the ATH Zone which now shall act as a support.
Trend based fib targets comes out to 220-260 levels.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
I shall wait for further confirmation of at least 1 close above 155.50 on daily timeframe.
Stock is showing good strength and so is its index. It is trading above all the key moving averages.
View gets invalid if it manages to close below the ATH Zone which now shall act as a support.
Trend based fib targets comes out to 220-260 levels.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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