Man Industries Remarkable 279% Surge Takes it to All-Time High

08 Dec, 2023

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Man Industries is a company under MAN GROUP. The company was incorporated by the Mansukhani family in 1988.

Man Industries broke its all-time high after a gap of 11+ years.

Man Industries manufactures LSAW Line Pipes, HSAW Line Pipes, single-layer FBE, etc.

It has a market capitalization of ₹ 1,600+ crores.

It moved from its 52 week low of ₹71.45 to ₹288, which is the all-time high, giving a whopping 279.29% return in just 11 months and 12 days.

As of Fri, 08 Dec 2023, MANINDS is just ₹17 less than the 52-Week High of ₹288. Lets find out what opportunities lies ahead for MANINDS

The Golden Extension (161.8%) level of ₹421 offers a promising Exit Point, given the likelihood of a downward momentum from these levels as investors might start booking their profits at these levels.

The Golden Ratio (61.8%) retracement level of ₹154 offers a promising Entry Point, given the likelihood of a pullback from these levels as new investors might come in at these levels.