MANAPPURAM
Intraday / Swing Setup: Looks good between 167-169Intraday / Swing Setup: Looks good between 167-169 for the target of 180/190+ with strict SL of 162.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading
MANAPURAM Finance50% retracement is called as the healthy retracement in an Up-move.
POINT OF CONCERN :-
1.The formation of DOJI
(Which may also seems the sign of a price reversal Move)
BUT!!!!!
2.As we see in the next candle, buyers have pushed the price as soon as it came closer to 0.5%, hence hope is alive.
So, lets see and hope for the best!
MANAPPURAM is Making Symmetrical Triangle Pattern (Breakout)Manappuram Finance Limited : Non-Banking Financial Company ( NSE:MANAPPURAM ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
Manappuram- H&S pattern Positional sellNSE:MANAPPURAM
Hi Traders,
MANAPPURAM is in Sell zone and you can open new orders based on price action. Stock has broken support and neck line of H&S pattern and start moving in downward direction.
Stock Analysis
* Stock forms H&S pattern and it has broken neck line .
Buy Level
Sell below 146 (Based on price action)
Target Level
TP1= 136.50
TP2= 130.00
TP3= 119.50
TP4= 102.55
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MANAPPURAM is Making Ascending Triangle Pattern (Breakout Trade)Manappuram Finance Limited : Non-Banking Financial Consumer Goods Company ( NSE:MANAPPURAM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Manappuram failed to hold its crucial resistance : Cautiona. 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.
Manapuram FInance: Head and Shoulders patternScrip retraced back sharply from 185 levels , which was the top of the H&S formation.
It broke the lower support line of H&S and fell sharply towards lower levels.
It took support of 140s which is the strong support zone in daily chart.
Neckline levels are lying on 160.
Scrip can move sharply once it breaks the neckline ..
Go Long till top of the head
T1: 185
T2: 195
manappuramElliot wave formation with top head and shoulder .
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it is making 8th wave according to Elliot wave theory
sell @145
target will be our next support which is 135
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Manappuram (Elliot wave )now in 8th wave of Elliot and made ahead and shoulder pattern at top .
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if it breaches itss neck line @ 145
then sell it below 145 for target - 135 which if next support for manappuran
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Short ManappuramManappuram May go down to 152 levels within 1 to 2 days.
Reason 1 : NR4 condition satisfying
Reason 2 : Trend is Down
Reason 3: Major Trend line broken ( daily trend line from june onwards)
Reason 4: No nearby weekly/monthly supports on downside
Reason 5: 20 EMA 50 EMA crossing probability
For Educational Purpose and not a reccomendation. Do your Analysis.
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