MIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment. The boost in Green Energy, LED lights and Telecom has lifted the sentiments on MIC Electronics. Also, it recently started venturing into Co-Developing 42v/3A Electric Vehicle Battery Chargers for e-Bikes. All this resulting in a blasting rally in Mic Electronics
On the Technical Front:
MICEL was travelling within a Falling Parallel Channel since 2008 and finally BO of the 15 year Channel and then formed a Beautiful Cup and Handle Pattern on Monthly
After Breaking out of C&H, it has not formed a Fresh Rounding Bottom Pattern - BO also done above 50.4 (CMP 51.5)
Like the Infamous Hero Kamal-Hassan, MIC Electronics is also Lip-Locked in 10% UC for past 3 sessions :) :) :)
Targets 65, 83, 108
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
On the Technical Front:
MICEL was travelling within a Falling Parallel Channel since 2008 and finally BO of the 15 year Channel and then formed a Beautiful Cup and Handle Pattern on Monthly
After Breaking out of C&H, it has not formed a Fresh Rounding Bottom Pattern - BO also done above 50.4 (CMP 51.5)
Like the Infamous Hero Kamal-Hassan, MIC Electronics is also Lip-Locked in 10% UC for past 3 sessions :) :) :)
Targets 65, 83, 108
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
