**Mankind Pharma Ltd.** shows a clear **flag and pole pattern**, indicating a potential continuation of the uptrend. Here's a breakdown of the technical analysis:
### Key Observations:
1. **Flag and Pole Pattern**:
- The pattern consists of a sharp upward movement (the pole) followed by a consolidation phase (the flag), forming between parallel lines.
- The breakout above the flag pattern suggests a bullish continuation, with a price target typically equal to the length of the pole added to the breakout point.
2. **Target Price**:
- The length of the pole is measured at **660.85 points (34.81%)**, and applying this to the breakout level a target near **3,217 INR**, as marked on the chart.
3. **Volume Confirmation**:
- The breakout has been accompanied by an increase in volume, confirming the validity of the upward movement.
- Higher-than-average volume during breakouts adds credibility to the bullish scenario.
4. **Support Levels**:
- Near-term support lies at **2,559 INR**, followed by a stronger support zone around **2,372 INR** if there’s a pullback.
5. **Resistance Levels**:
- Immediate resistance is expected near **2,665 INR** (recent high), with the next target at the calculated level of **3,217 INR** based on the flag and pole projection.
### Conclusion:
This chart suggests a bullish outlook for **Mankind Pharma Ltd.**, with potential for further upside as the flag and pole pattern points to a target of around **3,217 INR**. Traders may want to watch for price action around current resistance levels and ensure volume continues to support the move.
Would you like any further analysis on this?
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。