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...
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...
Manappuram 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...
