MANAPPURAM

Key Technical Observations:

1. The stock has made a decisive move above its 200-day moving average (currently around 184), indicating a potential shift in long-term trend.
   
2. Current price action shows momentum with a close at 193.75, though volume confirmation remains moderate.
   
3. Multiple moving averages are starting to align bullishly on the daily timeframe.
   
4. The sector-wide strength adds credibility to this setup.
   

Trading Setup:

• Entry Strategy: Consider long positions on a breakout above Friday's high
  
• Stop Loss: Can be placed below the recent swing low around 168-170
  
• Target: Initial target at previous resistance zone of 210-215
  

Risk Factors:

Volume needs to improve to confirm strength of the move
Watch for sector-wide momentum to sustain

Trading Recommendation:
While the setup looks promising with the break above 200 DMA and positive relative strength, a conservative approach would be to wait for:

1. A confirmatory break above Friday's high
   
2. Accompanying volume expansion
   
3. Holding above the 200 DMA