MANAPPURAM is at support can give up to 29% returnsI will buy MANAPPURAM because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 143/148
Target : 162/182
Stop loss : 134
MANAPPURAM
Manappuram | Cup & Handle Pattern 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =170 or CMP
--Target = 187 | 209
--Stop-loss = 159
--Lot Size = 6000
--R:R = 3.61
--Expected Profit = 2,28,000₹ per lot ( 22% )
--Expected Holding = 3-6 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Cup & handle formation
2) Volume is good at the time breakout
3) fundamental is also good ( Check Once More )
4) Refer Chart for more
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Manappuram Finance: Short term target in 1-2 monthsManappuram Finance:
Short term target in 1-2 months.
Disclaimer: This information provided here is for only educational purpose. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations. Please do research and consult with your financial advisor before taking any action.
MANAPPURAM : Positional Buy Trade SetupNSE:MANAPPURAM
Hi Traders,
MANAPPURAM trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
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