-After forming a double bottom, Manappuram is breaking out of a cup & handle set up.
-Formed a bullish engulfing candle on breakout.
-Breakout happened on high volume. Twice the 20 day average.
-Bullish cross on MACD.
-The latest candle was an inside day candle, suggesting a huge move (most likely higher) is on the cards.
This is not an investment advice. Do your own due diligence.
-Formed a bullish engulfing candle on breakout.
-Breakout happened on high volume. Twice the 20 day average.
-Bullish cross on MACD.
-The latest candle was an inside day candle, suggesting a huge move (most likely higher) is on the cards.
This is not an investment advice. Do your own due diligence.
Trade closed: stop reached