Manappuram Finance- CMP 164.15. It can be taken at current price with a sl of 159 for a target of 171, 179, 185, 192. In August 21 it fallen from a haigh of 214 and stabilized around 158 to 164. RSI and MACD are showing strength for price rise. It is in the process of cup formation and top of the cup is around 185. It recovered up to 23.6% of Fib levels. This is for educational purpose and any buying or selling shall be done after consulting financial expert.
Comment:
Met its first target and made a high of 176.7. May increase SL to 166 on closing basis.