[Premium] Trade Of The Week

JC Parets
May 3, 2022

The market is messy and continues to remain so. There are only a select few names that are displaying the strength with consistency. In a messy market, that's the best area to focus on.

Read on to know more.

Mangalore Refinery & Petrochemicals has displayed remarkable strength in a weak market.

Price had a breakout above a three-year base crowned with a 38.2% Fibonacci extension. In addition, strong candles in the past two weeks with the indicator in a bullish momentum territory support the current move in the price.

We are bullish above the level of 69 with a target close to 98.5.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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