Mangalore Chemicals & Fertilizers Ltd - 21.03.2022

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Mangalore Chemicals & Fertilizers Ltd - 21.03.2022

The stock is trading @ 80 levels

There is a Inverse Head & Shoulders Formation in Weekly Charts (Neckline 80; Formation Low @ 64.65)

The prices are above EMA

There is a PIERCING PATTERN in Monthly Charts

RSI is 58 in Weekly Charts

One can initiate a BUY Position above 81 with support @ 76

Watch out for the price action