Manappuram - Nearing crucial resistance
Updated
Scrip is again nearing the resistance zone from where it has retraced 4 times however bulls have always managed to have reversal around 82 support level
Would be interesting to see if the scrip manages to breakout from the crucial resistance peak of 112 (52-week high) this time as strength candles are also to be seen with good volume during last few sessions where BH>50% CH% Candle and the scrip is in somewhat ascending triangle pattern
MACD also showing the way..
Would be interesting to see if the scrip manages to breakout from the crucial resistance peak of 112 (52-week high) this time as strength candles are also to be seen with good volume during last few sessions where BH>50% CH% Candle and the scrip is in somewhat ascending triangle pattern
MACD also showing the way..
Note
The scrip has managed to breakout from the crucial resistance peak of 112 (52-week high)Aiming for 150+ this time
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Would be interesting to see if the scrip surpasses the bearish gartley pattern as it is near it's 52-week high and no sign of bearish crossover
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