Manappuram Fin - Short in 1hr TF if it breaks the support levels🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
Manappuramshort
Manappuram- H&S pattern Positional sellNSE:MANAPPURAM
Hi Traders,
MANAPPURAM is in Sell zone and you can open new orders based on price action. Stock has broken support and neck line of H&S pattern and start moving in downward direction.
Stock Analysis
* Stock forms H&S pattern and it has broken neck line .
Buy Level
Sell below 146 (Based on price action)
Target Level
TP1= 136.50
TP2= 130.00
TP3= 119.50
TP4= 102.55
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