NSE CASH – BUY MAITHAN ALLOYS ABOVE 461 TGT 466 470 SL 457

Maithan  Alloy Limited works in  manufacture and  sell manganese and Ferro-alloys with in India and International Trade .We gave A buying call in it  from the price of 461 to a target of 466  .Following are the points in behalf of which we gave the buying call :

• Crossover of 5, 18 SMA and 60 EMA.
• RSI crossover at 60.
• Candles are formed above 60 EMA, indicates that trend is positive.
• Previous close and opening are equal indicates that buyers are willing to buy this stock above the previous close.
• Fundamentally, Maithan Alloys net profit rise by 121.044% in Q4FY17, OPM increased from 15.78% to 30.59%.