NSE:MANAPPURAM has broke falling wedge pattern and closed on a strong note. possibilities from here is straight up or the a retest and up . in case of retest and up SL will be very small and relatively safe trade.
in 2hr chart it look like it's going to make ASCENDING TRIANGLE! checkout my analysis
mcpriceaction
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@NINJA369x, in daily chart very gud descending chart pattern also observed, stay tune on mcpriceaction
akd2020
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Sir if it goes into retest mode what should be the ideal SL
daytraderph
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@akd2020, support is supposed to form 147-148 in case moves back .. in case will update further on idea
mcpriceaction
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@akd2020, agree with dayraderph idea , sl should be based on your risk appetite
However 152 shall be used as sl.
Always remember trend is your friends otherwise it's your end
checkout my analysis