MANAPPURAM - Testing resistance at 113-sell if crosses below 111
The stock is moving in parallel channel and it is likely to test fibonacci level 78.6% (Rs116.5) and then retrace to 61.8%
Aim for a target of
1. TGT 1 - 105.9 (fibonacci level - 61.8%)
2. TGT 2 - 102.3
SL - 120
Aim for a target of
1. TGT 1 - 105.9 (fibonacci level - 61.8%)
2. TGT 2 - 102.3
SL - 120
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