MANALI PETRO -accumulatecorrective rally of 4th wave might be ending here at .618% of previous rally accumulate for higher target of 120-40 .
MANALIPETC trade ideas
MANALI PETRO 00STRONG BUYinverse head and shoulder formation in chart minimum 7 % increase in target and as per fibo ext and trendline resistance is at 117-118. Long term target are of 190 -200. as per fibo ext and wave count
Manali Petc chart analysisManalipetc is looking good on weekly time frame. Please give your valuable inputs.
Shorts time very long position in very low SL ! Disclaimer: We are not registered
advisors. The views expressed here ar merely personal opinions. Irrespective the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong a times
MANALIPETCStock name = Manali Petrochemicals Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
"manali" ja nahi sakte to kharid lo , target 90,130Manali Petrochem resumed entire operations of plant 2, partial operations of plant 1, which were affected by floods in the South Indian city of Chennai
MANALIPETC - Looking strong for bullish runWe are looking at the weekly chart, hence wait for this week closure.
MANALI PETRO-BREAKOUTafter taking support at 52 broke of trend line today and was above 20 and 50 days moving average . Now will target 200 days moving average at 72.10
Buy Long Target 110 W pattern in Weekly ChartBuy Long Target 110 W pattern in Weekly Chart
Clear W pattern
Manali petrochemicals go for longManali petrochemicals go for long
Harmonic pattern formed . Long term target will be 149
Short term buy set up for Manali PetroEnter above the resistance level of 110, once crossed with volume support.
Shall update the target and stop loss levels when trade is triggered
Manali Petrochemicals LtdManali Petrochemical Ltd. is a petrochemical company based in Chennai, India. Established in 1986, it markets propylene glycol and polyols Manali Petrochemical annually produces 27000 metric tonnes
Manali's idea on rising crude prices !Manali Petrochem is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). So rising crude oil doesn't impact it much, dont go for the name of the company
Fundamentals
Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 26% is great, ROE of 29% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Technical
The stock has an EPS Rank of 99 which is a GREAT score indicating consistency in earnings, a RS Rating of 43 which is POOR indicating the underperformance as compared to other stocks.
Along with it I have marked crucial Resistance and Support line for this stock on the chart.
Conclusion
Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
Short call on manali petrochemicalsHead and shoulder pattern is formed with base line acting as resistance to the further movement
Manali PetroManali Petro Descending Triangle Breakout. It will march towards the target
Disclaimer : Only for Education and Learning purpose not a Recommendation.
Manalipetro - Time to fly
- Undervalued Pick : MANALIPETRO CHEMICALS.
- Reasons :
- Pros :
- Very UNDERVALUED Stock.
- Price is taking support on SIGNIFICANT TRENDLINE.
- Trend is still Upward after correction.
- GOOD BUY RIGHT NOW FOR SHORT TERM ON TRENDLINE SUPPORT OR DEMAND ZONE.
- CONS :
- It is repeatedly coming in ASM STAGE 4.
- It is now in the T2T SEGMENT.
- GOOD FOR FUTURE OR TARGETS.
- Wait for it to come OUT OF ASM STAGE once .
- Can touch 52W HIGH OR ALL TIME HIGH IN Short Term.
- TAKE TRADES BASED ON YOUR RR RATIO.
Manali petrochemicals Ltd : Flag pattern BO seems good RR and price action formation in this script.
can go long as shown in the chart with SL-target.
Disclaimer: Education purpose only.
Manalipetrochem prediction and levels.Manalipetrochem is traveling in a trend channel. As manalipetrochem is a crude oil based company, the price of the crude oil may affect the company performance. The crude oil price also increasing and it may cause increase of their raw material costs and negative impact of their profit. The levels are mentioned in the chart buy or sell after breakout.
MANALI PETROCHEMICAL Strong support at 79 and 82 and resistance at 88 next resistance is 92 then 95
It moves to 100 in mid term
I am not giving any investment idea
If you want to be invest first you ask from your financial advisor.
