🔎 #OnRadar
#ManOrg (Mangalam Organics Ltd.)
Symmetrical Triangle Tightens – Big Move Ahead?
CMP: 516.65
📈 Technical Outlook (Monthly Chart | For Educational Purpose Only):
#SymmetricalTriangle pattern appears to be forming on the monthly timeframe.
The price has faced repeated resistance near the falling trendline around 629 and is currently showing signs of a possible retracement towards the lower end of the triangle. The key support zone lies between 473–378.
If this zone holds, price may attempt another move up toward the falling trendline resistance. A monthly close above the trendline could indicate a potential breakout from this long-term structure. If sustained, the stock may gradually head toward its all-time high zone near 1,300.
⚠️ Disclaimer: This post is shared only for educational purposes. It is not a buy/sell recommendation. Please consult a financial advisor before making any investment decisions.
#TechnicalAnalysis | #SymmetricalTriangle | #ChartPatterns | #PriceAction | #LongTerm
#ManOrg (Mangalam Organics Ltd.)
Symmetrical Triangle Tightens – Big Move Ahead?
CMP: 516.65
📈 Technical Outlook (Monthly Chart | For Educational Purpose Only):
#SymmetricalTriangle pattern appears to be forming on the monthly timeframe.
The price has faced repeated resistance near the falling trendline around 629 and is currently showing signs of a possible retracement towards the lower end of the triangle. The key support zone lies between 473–378.
If this zone holds, price may attempt another move up toward the falling trendline resistance. A monthly close above the trendline could indicate a potential breakout from this long-term structure. If sustained, the stock may gradually head toward its all-time high zone near 1,300.
⚠️ Disclaimer: This post is shared only for educational purposes. It is not a buy/sell recommendation. Please consult a financial advisor before making any investment decisions.
#TechnicalAnalysis | #SymmetricalTriangle | #ChartPatterns | #PriceAction | #LongTerm
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.