Mahamaya Steel (MAHASTEEL.NS) Listed on NSE on NIFTY METAL Index has seen spectacular rally. Metals Stocks are flavor of the season as commodity cycle is turning.
Results have been very nice with Profits up almost 800% so stock has given a good breakout and ready for another rally of 15-20% easily.
Supply Demand Analysis
As per Supply Demand Chart any close above 169 for next move towards 212.
Time Cycle Analysis
As per Time Cycle as shown in above chart Stock has formed a bottom near time cycle and rallied minimum 10-15%. New Time Cycle Started yesterday so break of 169 which is important vedic number can see quick rally towards 188/196/212 in Short term. I accept this target to come in next 1-2 months.
Traders can go Long in range of 167-169 for a move towards 196/212 in next 2 month SL 149.
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Nice analysis and good that you shared the same.
thanks