MFSL-- Inverted head & shoulder on the daily chart. breakout has shown on the chart after the breakout price retraces to the neckline and forms a bullish engulfing.
Balkrishna Industries Limited (BKT) started its Off-Highway tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. BKT is India’s Leading player in the Global ‘Off-Highway Tire (OHT)’ Market. The...
On the monthly chart stock has near to forming cup& handle pattern pattern. Any monthly close above 3240 will turn stock for fresh upside movement. The upside target seems around 4500---4700 levels in the coming months. Support and stop loss below 2700 levels on a closing basis.
Stock has formed Head and shoulder pattern on weekly chart and looks positive for weekly basis and hold it for recommended target.