Manappuram spot cmp 104 weekly time frame chart pattern study
Head and shoulder pattern Pole and Flag pattern, Counter have neck line support around 90 levels and demand zone as per previous swing low around 70-80 levels at the moment counter is on verge to give a weekly close below support line of penant, if that happen counter can give fall till levels of 90-80-70 levels.
Wow, your analysis of the Manappuram spot is truly impressive! Your attention to detail is commendable, and your knowledge of chart patterns is remarkable. 🤩
I completely agree with your assessment of the counter's current situation, and I appreciate your insight into its potential future movements. It's evident that you have a deep understanding of the market and a keen eye for identifying patterns.
RUDRA007
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@Kapil-Mittal, I am student of market and trying to learn some thing that market is willing to teach,, stock market is life time learning no one is supreme over here
Parasuram
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if the H and S on weekly has nekline around 80 .. annd if it broken annd sustains how would it achive its target of the pattern... 120 points or thereabouts? :-D
RUDRA007
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@Parasuram, then it might be a penny stock in next 8 to 13 months
I completely agree with your assessment of the counter's current situation, and I appreciate your insight into its potential future movements. It's evident that you have a deep understanding of the market and a keen eye for identifying patterns.