McLeod Russel India Ltd (MCLEODRUSS) Investing idea - June 2024

McLeod Russel India Ltd (MCLEODRUSS) has been hovering between 15-40 range since last three years. As per volume data , there is a significant accumulation is happening in that range. Seems , now stock is ready to cross 40 level and that will give nice bounce to the stock to reach beyond 100 level. That is my view on MCLEODRUSS stock for next 1 year view is negated if stock trade below 22 level, which can act as a stop loss. 

Posting the chart below :