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Umang_Sharma

Manappuram Finance: Analysis

Short
MANAPPURAM FINANCE (NSE:MANAPPURAM)  
Umang_Sharma Updated   
NSE:MANAPPURAM   MANAPPURAM FINANCE
Support and Resistance Head and Shoulders Trend Lines breakouttrading supportzones dailytimeframe consolidationzone necklinebreak
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supportandresistance headandshoulders trendline breakouttrading supportzones dailytimeframe consolidationzone necklinebreak
Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today. Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area).
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Upcoming support zone will be around: 134.50. Good Shorting Opportunity.
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Stop-Loss must be over the immediate resistance level i.e somewhere about: 158.35.
Trade active:
Acting as Expected.
Trade closed: target reached

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