Cyber Monday saleUp to 70% OFF

Manappuramfinance

Breakout In Manappuram Finance !Manappuram Finance has just demonstrated a noteworthy breakout from an Ascending Channel pattern, which has helped it hit 52-week high levels. A general bullish biasness towards the stock is indicated by this upturn. After carefully examining the daily charts, it is apparent that a Change in Polarity (CIP) pattern has developed near the Rs 131 price level. The stock's upward trajectory is thereby strengthened. Along with this, the stock price managed to sustain above crucial moving averages i.e. 50,100, and 200 SMA. Hence, strong bullish momentum can be expected in upcoming few weeks. CMP: 146 Buy above 154. Target: 185-190 Stoploss: 138. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. #Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:MANAPPURAMLong
by InvestyourAsset
MANAPPURAM FINANCE - 87% RETURNS!!!BUY - MANAPPURAM FINANCE CMP - Rs. 130 Target - 1: Rs. 157 Target - 2: Rs. 209 Target - 3: Rs. 264 . . Technicals - 1) Cup and Handle Pattern BO . . Fundamentals - Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business. 1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued. 2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin. . . This is just a view, please trade at your own risk. . . Follow me for more!
NSE:MANAPPURAMLong
by nilakshgupta
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023 1. Trendline fake breakout 2. Increased buy volumes 3. MACD , Stochiastic RSI crossovers 4. Recent buy by SBI-Mutual Fund Target1- 125.65 Target2- 140.95 SL - 100 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:MANAPPURAMLong
by Rajat-Kumar
4