MANAPPURAM 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...
BUY : 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...
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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...