Market_beat3r

Manappuram Looks Good Here

Long
NSE:MANAPPURAM   MANAPPURAM FINANCE
-Stock in an upward channel and is close to the lower trend line of the said channel.
-Long term uptrend still intact.
-Good volume on green days as compared to red days.
-Stock close to the lower Bollinger Band and has been below the MA line for a few days. A mean reversion rally quite likely here.

Not an investment advice. Do your own due diligence. Not invested.
Trade closed: stop reached

Comments

is there a morning star too?in the yellow zone?
Reply
@shiv0110, It does look like a morning star, but the stock was in a Darvas box in the 15min time frame which is why I drew the yellow box.
Reply
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