MANAPPURAM 15 min time frame for 15 Sept 2021 Intraday/Swing.
As per the market movement go long or short
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This is only for educational purpose.
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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.