NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
SAFE ENTRY ABOVE 1305 & AGGRESSIVE ENTRY AT CMP
TARGETS 1340, 1450, 1550++
SL BELOW 1145 ON CLOSING BASIS
(TRAIL SL ONCE TARGETS ARE NEARING)
Disclaimer: All Charts are for Educational Purpose. Please consult your financial advisor before investing.
After breaking the 424 Resistance, IEX give the good move till 450.
But yesterday the stock retraced so there are two chances in the scenario.
As you see in the charts 424 is strong resistance in the previous week's now its a support level.
1. If IEX break the support of 424, so we can see the downside till 413.
2. On upside if stock is goes above 432, then...
So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it.
1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068.
2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share.
So for tomorrow, there is a...
Cup and handle chart pattern formed.
Fibonacci levels shows price retraced 50%.
Current market price at a demand zone and touched a well respected trendline.
Go for a long position and keep a target Rs.4600