Buy MANAPPURAM FIN for Target 1= 114 Target 2= 124
with SL below 89
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
MANAPPURAM has successfully taken support at its long-term trendline for the last 6 years. The stock has touched this trendline and bounced off of it every two years since December 2016 (as shown in the chart). Another bounce happened in May 2022 and the price is still in a buy range.
This looks like a good place for accumulation. Price targets can be 126, 145,...
Manappuram is forming a cup and handle pattern. can go long from here for a target of 112. 112-115 will act a resistence above which can expect a smooth move till 126. can go long with a sl of 97.
Manappuram Fin is trading near a key trendline support. Stock has always become 2.5X to 3X after taking support on this trendline. Positive on the stock. Any further downside will be a good opportunity to add. SL below the trendline support (only on a close below the trendline on monthly candle)
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.
