Manappuram - Positional
Updated
The stock is on a consolidating uptrend after taking support from 50DMA.
Positional Trades:
Go long above above 163 for 165, 168, 170 with SL at 160.
Short below 160 for re-test of 50DMA with targets of 158, 156, 155 with SL at 162
Don't take directional positions in case of Gap up/down openings.
Follow 15 min ORB.
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
Positional Trades:
Go long above above 163 for 165, 168, 170 with SL at 160.
Short below 160 for re-test of 50DMA with targets of 158, 156, 155 with SL at 162
Don't take directional positions in case of Gap up/down openings.
Follow 15 min ORB.
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
Trade active
Sell triggered at 160Trade closed manually
Squared off at 158Trade closed: target reached
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