Man Industries (India) Ltd. is in a rising trend
channel in the medium long term. This shows
that investors over time have bought the stock
at higher prices and indicates good
development for the company. The stock has
broken a resistance level in the short term and
given a positive signal for the short-term
trading range.
There is no resistance in the
price chart and further rise is indicated. In
case of a negative reaction, the stock has
support at approximately 96.00 rupee.
Positive volume balance, with high volume on
days of rising prices and low volume on days
of falling prices, strengthens the stock in the
short term. The stock is overall assessed as
technically positive for the medium long term.