SELL MANAPPURAM FUT BELOW 121 TGT- 117 113 108 Closing base SL-131
How to follow our calls & earn maximum profit from our calls
1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU
2. When Target1 is ACHIEVED, TRAIL your SL to BUY/SELL PRICE.
3. Subsequently when Target2 is ACHIEVED, TRAIL your SL to Target1.
4. Subsequently when...
Manappuram is currently trading on a trendline support, where we could also see a demand area. With their nature of business involving gold and the yellow metal gaining strong every week, it should be good news for the company with improving loan to value. Stock is a good buy right away. Least case, the script should retest 144 again.
(Disclaimer: Our charts and...
Buy Manapurram Finance in dip at 136 and 132 with stop loss below 125 for target 155-168. It has closed above life time high with huge volumes . MACD is positive with short term is well above mid term average. 126-128 is major support zone. Moving averages are also showing bullish momentum in short term.
Very good financials. Near all time high of 130. If it is able to break 130 then will continue in its uptrend.
Compounded Sales Growth
5 Years: 83.34%
3 Years: 19.86%
Compounded Profit Growth
5 Years: 86.63%
3 Years: 35.29%
Return on Equity
5 Years: 17.18%
3 Years: 19.02%
Last Year: 18.63%
MANAPPURAM is moving in an upward channel and has been consolidating after a good bullish move with good volume , breakout from flag expected tomorrow . Can go long once it closes above the flag , Stop loss for 124.5 and targets for 130 and then expecting a new higher high .
The stock is moving in parallel channel and it is likely to test fibonacci level 78.6% (Rs116.5) and then retrace to 61.8%
Aim for a target of
1. TGT 1 - 105.9 (fibonacci level - 61.8%)
2. TGT 2 - 102.3
SL - 120