Note: This is for educational purpose only. Even though the channel has not broken, but there is an ultra high volume which resonates with the bearish price action. RSI at 50 which is nearing bearish zone. RSI not in bearish zone yet. Wait for confirmation.
Gap filling and breakout retest done long above 135.60 with Support of 132.50....for t1 137.75/139.60/145
BTST TRADE IN MANAPPURAM FIN BUY@157.75 STOP@154 TARGET-1@162 TARGET-2@166
In the 1 Hour timeframe, we can specifically find the stock moving in the uptrend channel. One should wait for the retracement level and then make a long position.
Note: This is for educational purpose only. There is a bullish breakout in Manappuram with strong rise in buying in volume. RSI above 60 which shows strong price momentum. Seems like formation of inverted hammer as well (not an accurate one though).
This is for your observation only. I am not a SEBI registered. Your Loss or profits based on this logic are not responsible Do your due digilence before entry.
stock made W pattern over a duration of 1 month and bullish flag in recent trading day 29/5/2020 can go long above 128.40 for swing trading target for intraday - 131, 135, 138 Target for swing trade 147
1. Manappuram Finance Yesterday closed at 1.27 level. It may extent to 1.61level 2. On drawing , Cypher Pattern on the above AB-CD 1.27 Level with 78.6% Level. 3. But , Still a confirmation is not done. 4. to keep the trading safe. Buy above 117.5 Target: 119 , 120( Day Trend Line) , 123 , 125 IF YOU LOVE THIS STUDY PLEASE LIKE+ COMMENT. IF YOU WANT MORE...
Manappuram is getting reversed from a strong support zone.
We can enter for the long position if Manappuram close above the trendline Levels mentioned on chart
I sense a deeper analysis of manappuram will give us the range from 123-165 for some time You may easily enter and trade as it is in range of higher highs and lower lows in a channel, The channel is uptrend Ichimoku indicates a recent breakout kumo cloud senses bullish for tomorrow enter above 128-129 for safe target of 132 If opens on downside below 126, is...
Manappuram looks into heavily volume buying today, Tomorrow it gets support from Nifty and may reach 5 % circuit Buy above 122-123 levels for target of atleast 5-10 rupees as target easily all the best The kumo cloud projects into resistance flattening
NSE:MANAPPURAM the price should take suppot @ 117 and go up @ 125 again
Manappuram looks bearish for tomorrow as kumo cloud is red and the pivot levels are now supports now Short position can be taken below 115 levels for 110-109 targets.
Triangle Pattern Breakout Strategy. Manappuram Finance can reach 130 after breaking out from 115 levels/ NSE:MANAPPURAM
Classical Ascending triangle breakout. If this fails, will play this triangle again!
FOR NOW UPPER LINE AS RESISTANCE AND LOWER AS SUPPORT WILL UPDATE AFTER THIS