raj_rishav

Mannapuram - Inside Bar

NSE:MANAPPURAM   MANAPPURAM FINANCE
Positional

Go Long above 163.6 with SL at 160
Short below 156.5 with SL at 160
Comment: No trades triggered today. Inside bar idea valid for tomorrow with even narrower limits.
Comment: Go Long above 161.5 with SL at 158
Short below 156.5 with SL at 158
Trade active: Buy triggered at 161.5
Trade closed: target reached: Trailing Sl hit at 165

Comments

Brought Manappuram at 158.3 on 31st July...now closing price on 14th Aug is 154.55

my target price is 183.

suggest me what to do now ?
should I keep this stocks or exit tomorrow ?

is there is any chance for pull back ?
if yes where I have to book Profit ?

please suggest me targets & stoploss with time frame !
Reply
So, SL hit, whats your view now? Any pullback expected?
Reply
raj_rishav gopinathk
@gopinathk, sorry forgot to update here, I always trade with a hard trailing SL so escaped before the massacre. I do expect price to move up based only on the RBI announcement. However ill wait for price action confirmation
Reply
gopinathk raj_rishav
@raj_rishav, i see many screeners showing this stock as a potential buy zone..!! Tomorrow will be a trendsetter i believe for both mannapuram & muthoot..!!
Reply
raj_rishav gopinathk
@gopinathk, I wouldn't trade on that. Market is playing tricks. check some trade actions: Reliance after +ve AGM, Indigo after disastrous results.
Reply
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