Manappuram has given a cup and handle breakout on the hourly charts with decent volumes on the last few candles preceeding the breakout. Looks for a century and beyond now.
Comments
VadivalPranchi
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When gold was very low The smokers in the business Chanel brain washed me and I throw out this stock for mere 17 Rs brought at 15 Rs.
sudhansrini
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Sorry to hear that. Infact I have been adding this gem from 17 levels in my investment portfolio and was never tempted to book out. The dividend yield at my acquistion price is the icing.
My 2 cents on the business channel experts, when they all concur to sell, its the time to buy n vice versa. My recent bets on psu banks when all the experts were bearish 6 months back is paying off. These guys now seem to have changed their mind and showing optimism in this sector.
AmitJain
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@sudhansrini, what is your current outlook on manappuram say for the next 2-3 years?
sudhansrini
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@AmitJain, Sitting tight on my investments. Marky names (read dolly khanna) have entered. Stock price movement suggesting being manipulated for some reason. 85-90 support is being held.
Hoping the underperformance will soon end.