Manaksia Aluminium Company Ltd
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MANAKALUCO - Weekly Chart Analysis, CMP-43.40

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On a monthly chart the stock broke out of the double bottom pattern and again went into consolidation. This month it is seen breaking out of that consolidation and on good volumes. Monthly close is yet to happen next week, but it is evident enough that it will probably close above the resistance levels. (30-33). It is sailing above all its key moving averages.

Now this zone 30-33 shall act as good support and a weekly close with a follow through will invalidate our view.

49 - 53 - 58 - 62 - 69 - 90 -100 are the levels its can test over the long term.


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