Horizontal Support, Trend line support and 200EMA... All coming together at same place in daily time frame. If support taken a high probability of good upwards movement coming up in next few days.
Disclaimer: This analysis is just for educational purpose and not a financial advice.
Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area).
Upcoming support zone will be around: 134.50. Good Shorting Opportunity.
Stop-Loss must be over the immediate resistance level i.e...
looking good for short term as well long term
Currently in Monthly and daily demand zone
Golden cross over formed
Highest market cap in education sector
PE ration 7 Vs industry PE 13 Undervalued
Share book value 15 undervalued
Invest only that much which you can afford to loose