Manapurramfin
Trying to forget downtrendChart -> Manappuram Finance Daily
After a brief downtrend, the stock is trying to create a base with a cup and handle formation breakout and volume.
CMP: 116
Targets: 126, 147
Good range: Around 110
SL: 106 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Manappuram Finance - Can it become 3X again?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 at Crucial Support/Resistance ZoneMANAPPURAM has entered the crucial 180 zone. This was the pre-Covid Feb'2020 high and has been respected multiple times in over the last 1.5 years. The stock has touched this zone with a gap-up doji. Price action in next few days will determine whether this resistance will see selling or whether we will see a breakout toward the bullish side. We will be closely monitoring the price action and update on this space as and when we see a trade developing.
MANAPURAM FINANCE ANALYSIS 19.07.2021BUY : 186 TO 179 ( 174 )
TARGET : 284
LONG TEARM TARGET : 317
Reason For Buying This Script :
After a long term consolidation now it has broken the down trend line in weekly time frame & also closed above the trend line in weekly time frame ,
Now it may take some retest moment up to 179 to 174 . This script turned to up trend don't miss this opportunity .
In monthly time frame it is forming ELLIOTE WAVE .
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
MANNAPPURAM FINANCE SWING SETUP.#67(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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