Can Manali Petrochemicals Continue Its Rally?
Technical Overview
Manali Petrochemicals continues to trade inside a rising medium-term trend channel, reflecting sustained investor optimism. The stock has already broken above ₹63.70, while an inverse Head & Shoulders formation continues to develop.
Key Technical Levels
🔹 Rising trend channel intact.
🔹 Resistance: ₹69.92.
🔹 Support: ₹63.70.
🔹 Positive volume balance supports bullish bias.
⚠️ RSI shows negative divergence, signalling caution.
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Investment View
The medium-term trend remains constructive. However, investors should monitor whether the stock successfully crosses ₹69.92 with strong volume, as the RSI divergence could trigger temporary corrections.











