rrgiyer

manappuram poised for breakout

Long
NSE:MANAPPURAM   MANAPPURAM FINANCE
stock is looking good for breakout on daily time frame. has tested the channel multiple times and also formed cup and handle pattern. RSI is on raise and 50 MA has crossed over 200 MA. stock has also seen recent volumes. CMP 122.35. early entry would be above 125 and confirmed /safe entry will be on break of channel
Stock looks good buy above 125 with SL of 106.80 with target of 160/173/180

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.