Maithan Alloys – 16.02.2018l

Daily Sentiment: Bullish.

Weekly Sentiment: Bullish.

Trend Strength: Moderate

First Target: 926 (Resistance zone)

Need close above 926 and next stop will be around previous highs.

Stock looks very good on this Daily chart but there is huge Bearish engulfing pattern on Weekly.

Currently stock has problems to clear Resistance zone which could result in deeper correction

towards channel support.

Close below channel and next stop will be 750 Support zone.

Close below each Support zone would confirm fall towards next one.

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