Mangalore Chemicals & Fertilizers Ltd.
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MANGCHEFER - Weekly Chart Analysis, CMP-152.75

268
Nice contraction of volumes is see while the stock is consolidating and taking support of 73-90 zone and thereafter sustaining well above 98-104 supply zone too which it failed to earlier.
It is trading above all its key moving averages too.
Well it has broke our of this base and sustained well above it for 2 weeks now.
119-125 shall now act as good support and weekly close with a follow through below these levels will invalidate our view.

169 - 264 - 359 are the levels it can test over the long term.



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