Note: This is for educational purpose only.
Even though the channel has not broken, but there is an ultra high volume which resonates with the bearish price action. RSI at 50 which is nearing bearish zone. RSI not in bearish zone yet. Wait for confirmation.
I sense a deeper analysis of manappuram will give us the range from 123-165 for some time
You may easily enter and trade as it is in range of higher highs and lower lows in a channel,
The channel is uptrend
Ichimoku indicates a recent breakout
kumo cloud senses bullish
enter above 128-129
for safe target of 132
If opens on downside below 126, is...
STBT TRADE IN MANAPURRAM FIN DEC (FUT)
-AFTER A EXTENDED RALLY AND CORRECTION THE STOCK HAS LOST MOMENTUM FOR FURTHER GAIN
-STRONG SUPPORT BROKEN