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R_A_G_A_S_J
Oct 20, 2019 3:13 PM

MANAPPURAM Long

MANAPPURAM FINANCENSE

Description

On the daily chart stock price has formed "CUP & HANDLE " pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicate an upside of 166.10 - 177.65 invalid close below 143. #Findyourtrade
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