kalyanganguly

Manappuram - Short

Short
NSE:MANAPPURAM   MANAPPURAM FINANCE
Note: This is for educational purpose only.

Even though the channel has not broken, but there is an ultra high volume which resonates with the bearish price action. RSI at 50 which is nearing bearish zone. RSI not in bearish zone yet. Wait for confirmation.

Comments

I have bought @182 price, what should I do? Should I average it?
Reply
kalyanganguly samratk028
@samratk028, hi... There is a support around 148-152 zone. If you see a bullish reversal from these levels... Only then average it. If there is no bullish reversal confirmation, please do not average it. Price might further go down. Keep a watch around 148-152₹ levels. Sorry, I didn't get time to see the market today.
Reply
samratk028 kalyanganguly
@kalyanganguly, Thanks for your prompt response..Good to follow you
Reply
kalyanganguly samratk028
@samratk028, your most welcome sir.
Reply
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