[Positional Long] Meghmani Organics (MOL) Breakout

MOL has broken out after forming a nice long base. In terms of fundamentals, there doesn't seem to be any public news/reports but this week's volumes are highest ever and since it has broken out after a long slumber, it gives weightage to the view that stock might see significant upsides from here.

If this breakout sustains and price keeps above 200 DMA from current levels then next major resistance is around 142 which is a nice ~40% move from here. Difficult to say how long it might take though.