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Unite Technologies Financial

28th Feb · SEBI-Registered Analyst

Technical Analysis Man Industries

The stock

MANINDS
is currently showing a strong recovery phase after a significant period of volatility. It is trading at approximately ₹461.95. Cup and handle/rounding bottom looking at the long-term structure (from mid-2024 to early 2026) the stock has formed a massive Rounding Bottom or Cup pattern. There is a clear resistance level around the ₹480 - ₹500 range. The stock has tested this area multiple times but faced selling pressure. The recent price action shows a sharp V-shaped recovery from the ₹300 level indicating strong buying interest at lower levels. Immediate support the first major support lies at ₹420. If the stock dips this is where buyers are likely to step in. Recently support a very strong base has been formed near ₹320 - ₹340. As long as the stock stays above this the long-term trend remains bullish. A decisive close above ₹485 on high volume would signal a fresh breakout. This could lead the stock toward all-time highs and beyond. New buyers it might be wise to wait for a breakout above ₹485 or look for a minor pullback toward ₹430 for a better entry price. For holders maintain a stop-loss around the ₹380 - ₹400 mark depending on risk appetite to protect capital. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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