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.
BUY @ Current Price or After Crossing 113.75 .
SL @ Close Daily candle Below 109.
Target 1 - 119.
Target 2 - 125.
Reason For Trade -
Breakout the resistance of BLUE LINE and then Good pull back and from last few days good wicks formations.
RSA also in favour i.e.above 60 (Bullish).
Please Like.
NSE:MANAPPURAM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
buy above 90.6 in Swing trade
SL below 81
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
MANAPPURAM 15 min time frame for 15 Sept 2021 Intraday/Swing.
As per the market movement go long or short
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Stock has given a small breakout today both on DAILY and WEEKLY charts.
Closed above previous week's high
Trading above 9 EMA; Moving Average crossover; 50 above 100 is giving a BUY signal
Fundamentally strong stock, can also hold for medium and long term
BofA initiated a BUY on this
**These are my personal observation, I have the right to be...
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.
