Welll as we can see from the daily chart if it break the resistance and I think it will ,as from the macd histogram and rsi it's quite indicative it will
As we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
Monthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart....
Indicators are showing bullish signals on daily chart. Round bottom forming on weekly chart. Once stays above 209 levis on weekly closing basis, may expect further more upside.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
Target given by using patterns. Indicators are showing bullish signals on weekly chart and Daily MACD crossover may happen on upcoming days. Be ready for the next move on upside. Stoploss as per your risk. Apart from technical Iron and coal prices are multiyear high so can expect a good quarter on fundamental side.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
Daily MACD Crossover, Weekly ADX positive trend, and all other indicators showing positive signals. Monthly MACD crossover happened but still price not yet moved much upside. Monthly indicators also positive. It may shootup anytime but patience is important to hold.
Vijayaraghavan.K,
Kovilpatti,Tuticorin Dist.
It breakout the channel and formed cup and handle pattern . All indicators are bullish Monthly MACD crossover may happen upcoming months. Share split also may approved on upcoming AGM. These parameters may help to reach the target levels.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
Inverted head and shoulder pattern. Indicators are showing positive signals. Use every dips for the target. When looking fundamental, It can go more than that the above target level.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
As per pattern Round bottom and double bottom also. MACD crossover may happen on weekly chart. Dividend also coming Rs.2.5. These parameters may help to reach the target.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
Daily
Price Action - Triangle Breakout from Bottom
RSI > 60 Bullish
MACD - Buy Signal
Bolinger Upper Band - Broken which indicate momentum
ADX needs to increase to pick more momentum
Weekly:-
MACD needs to turn Buy signal
Futures data:-
Long Buildup on breakout
Daily MACD cut, Weekly MACD crossover, Ichimoku cloud top and above conversion line. These parameters may lead to reach the target levels.
Vijayaraghavan.K,
Kovilpatti.
PAGEIND Showing a breakout on daily chart and we can confirm it with increase in volume & rising AD Line.
Comment your view.
No Trade Suggestions !!!
Thank You
