#MANAPPURAM - Weekly Time Frame VCP Break Out with Volume

194
๐Ÿ“Š Script: MANAPPURAM

Key highlights: ๐Ÿ’กโšก

๐Ÿ“ˆ VCP formation in Weekly chart.

๐Ÿ“ˆ Volume Spike seen

๐Ÿ“ˆ Can Enter Breakout on if price sustains

๐Ÿ“ˆ MACD Bullish

๐Ÿ“ˆ RS is Bullish

๐Ÿ“ˆ One can go for Swing Trade.

BUY ONLY ABOVE 240 WCB

โฑ๏ธ C.M.P ๐Ÿ“‘๐Ÿ’ฐ- 235
๐ŸŸข Target ๐ŸŽฏ๐Ÿ† โ€“ 35%
โš ๏ธ Stoploss โ˜ ๏ธ๐Ÿšซ โ€“ 17%

๏ธโš ๏ธ Important: Market conditions are getting better, Position size 50% per Trade. Protect Capital Always

โš ๏ธ Important: Always Exit the trade before any Event.

โš ๏ธ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with MMT. Cheers!๐Ÿฅ‚

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