SWING IDEA - MAWANASUGStock has currently formed a good support at 116 levels.
It seems to making newer Higher Highs since the last few weeks steadily.
The most recent MACD Crossover has shown a good move upward.
Currently the MACD Cross is in play on the Monthly Charts. Once it completes successfully, the stock could start seeing massive movement upward in the coming weeks/month.
MAWANASUG trade ideas
Mawana Sugars Ltd Weekly For the past year, Mawana Sugars Ltd has been maintaining its position below the 100 mark, with 80 serving as a significant support level that has been tested five times. If the stock manages to close above 100 on a weekly basis, it will likely experience further upward movement. Currently, the stock is exhibiting a triangle pattern on the weekly chart as it tightens its range.
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#MAWANASUG
NSE:MAWANASUG
CMP: 99
TP: 135
SL: 80
TF: <6m
RR > 1.8 times
Return 36%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia