Below is the technical chart of Meghmani Organics Ltd., with Ichimoku Kinko Hyo indicator.











The stock price closed above kumo, thus giving kumo breakout.  But the chikou-span (CS) line is still inside kumo (which is no trade zone). So, one can wait for its closing above kumo i.e. 11.08 and if that happens, what can take long position in this stock, with the stop loss of 9.75. Above 11.08, it will start its bull run.

Target will be 13.78.

Meghmani Organics Ltd. Technical Chart | 08-Dec-2011
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