MANINFRA

5 Agu 2023

• We highlighted the trend change in the stock around May when stock cleared its down-sloping trendline.
  
• The stock has now given a breakout above its prior all time high of 131 with huge volumes, suggesting uptrend is likely to continue..
  
• According to the past chart history, this rally could now head to 261.8% Fibonacci Retracement around 235.
  
• Bullish view remains intact as long as price survive 124!