MANAPPURAM

1Day chart we saw bullish MACD Crossover and RSI over 50.
Ichimoku analysis shows bullish sign for this stock .
Go long with SL 108.50 closing basis. and target
T1= 117 (0.78fib)
T2= 124
My analysis only based on TA not fundamental.

Comment:

Now this upside move change Sl to 110 closing basis.

Trade closed manually:

face resistance @114.57.one can exit today and re enter after a certain correction. exit @114.45

thank you .

Comment:

to minimize overnight risk i close the position yesterday but today it made a high of 117. so we can enter the trade @113.7 Sl 110. tgt 2-3 rs .