Manappuram failed to hold its crucial resistance : Caution
a. Zone: Weak Bear
b. Resistance 1: 161.20
c. Resistance 2: 167.20
d. Support 1: 143.25
e. Support 2: 137.30
In a 4H chart, it closed below its crucial resistance of 161.20. If it fails to cross this zone then we can witness the fall till 143.25. But currently Bear isn't so strong but fresh position should be avoided and have to keep a watch at this zone.
b. Resistance 1: 161.20
c. Resistance 2: 167.20
d. Support 1: 143.25
e. Support 2: 137.30
In a 4H chart, it closed below its crucial resistance of 161.20. If it fails to cross this zone then we can witness the fall till 143.25. But currently Bear isn't so strong but fresh position should be avoided and have to keep a watch at this zone.