MUGHAL Mughal Iron & Steel Limited short term analysis 29th Dec. 2020

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Rebound Insight

Our Pivot: 64.75

Our Preference: Start buying from current price and average it out till 67.50 with strict stop loss of 64.75 and profit target at 79.40 with extension towards 85.00.

Alternate Scenario: Downward penetration of 64.75 will call for 60.50.

NOTE: MUGHAL is moving in a bullish price channel and right now its getting support from a strong horizontal supportive region.

Chart with supports & resistances:

MUGHAL 5
Overview
Quick Snapshot
Free Float

62,899,913

O/S Shares

251,599,650

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

59.44

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports58.9058.3657.39
Resistances60.4161.3861.92
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-3.56
-3.96
QTD Price Return
-3.56
-3.96
3M Price Return
-21.01
-19.55
6M Price Return
7.44
9.42
9M Price Return
-3.13
-3.49
YTD Price Return
-17.56
-16.88
1Y Price Return
2.53
3.02
3Y Price Return
59.88
225.45
5Y Price Return
35.18
68.63

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