Get started

MANAPPURAM

MANAPPURAM weekly chart analysis for bulls who are in profitThings that bulls who are already riding on profits can do now: 1.a) Hold with a save profit at 132 if you want to preserve your profit and let the profits run and keep trailing your save profit order higher and higher with every bullish move. 1.b) Book partial profit at logical targets 163(CMP)-180-205-250 based on Fib extension with a save profit at 132 if you want to preserve your profit. Expecting more bullish move until mid July 2020 2) Wait for a retracement and add more at 115-104 levels to your existing position if you planning for a long term trade.
NSE:MANAPPURAM
by k314
Manappuram | Good Demand areaManappuram 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 contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MANAPPURAM
by AkhilSuryaFS
6