MANAPPURAM trading very close to weekly support trend line after showing poor results this quarter. As per technicals we can see a bounce back from this trend line support and the three upside targets as per fibonnaci retracement levels. Note : for educational purpose only.
Manappuram is trading in a longterm channel and has reached near the lower end of channel - the stock can be bought with WCB stoploss of 95
NOTE - Please Consult your financial advisor before taking and investment decision on this study
NSE:MANAPPURAM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
NSE:MANAPPURAM
#NSE:MANAPPURAM 155 CE entry given @ 5.85 today.
to know why, check out the level mentioned on chart !!
0.618 - fib retracement.
Still if anyone not clear with the entry level, do ping me personally, no issues !!
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
MANAPPURAM FINANCE share is near to breakout, stock is consolidating between 170-175.
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Previously we also gave the trade when MANAPPURAM is at 168. Now again it a time to BREAKOUT.
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169-170 is strong support zone, you can buy this trade once it cross 175 for the target of 180-185
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What's your view on this comment below in the box.
As we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
MANAPPURAM FINANCE share given the closing above 163,
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So I think this is the time to enter in this trade, but still I recommend.
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Safe Trader can enter in this trade once it cross 170, because from that stock can give some correction.
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Once it goes above 170, we can see in the chart, there is strong rally of around of 40-50.
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You can book your profit as per...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
