Technical Charts:Infosys,Reliance and Manglam Cement
Mangalam Cement
Mangalam Cement is on the Verge of giving breakout from trendline resistance line at Rs 168 as shown in below daily charts
Along with breakout stock has also closed above its 200-DMA which is prevailing at levels of Rs165.6 for second consecutive trading
session. Such a move is likely to catch buying interest from most of market participant as it indicates that medium term downtrend has been voided.
On the weekly chart RSI has given positive crossover and MACD is also giving buy signal.
Volumes trend have been quiet …
Read the full story »
Mangalam Cement is on the Verge of giving breakout from trendline resistance line at Rs 168 as shown in below daily charts
Along with breakout stock has also closed above its 200-DMA which is prevailing at levels of Rs165.6 for second consecutive trading
session. Such a move is likely to catch buying interest from most of market participant as it indicates that medium term downtrend has been voided.
On the weekly chart RSI has given positive crossover and MACD is also giving buy signal.
Volumes trend have been quiet …
Read the full story »
posted by Bramesh at
2:03 AM
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home