Sandur manganese is a BSE only listed, manganese ore company which is essential raw material for steel products.
The weekly chart shows almost near break out levels on price action as well as inverse Head n Shoulders pattern can be seen clearly over a longer period.
A near term target of 1400-1450 and a longer term target of 2000++ can be kept in mind.
Near term charts also show W pattern getting completed.
Overall, a good proxy play for metal sector.
Disclosure - NO Holding as on date, Planning for entry.
The weekly chart shows almost near break out levels on price action as well as inverse Head n Shoulders pattern can be seen clearly over a longer period.
A near term target of 1400-1450 and a longer term target of 2000++ can be kept in mind.
Near term charts also show W pattern getting completed.
Overall, a good proxy play for metal sector.
Disclosure - NO Holding as on date, Planning for entry.