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Manappuram Finance ( Reverse or Good Breakout )Stock Analysis: NSE:MANAPPURAM ( Reverse or Breakout ) Overview: Current Price: ₹224.23 Timeframe: Monthly Chart Key Levels: Resistance Levels:** ₹225 (significant), ₹233.04 (major), ₹315.42 (potential target if breakout occurs) Support Levels:** ₹190.00 (recent low), ₹160.00 (significant support) Price Action: The stock is currently approaching a major resistance level at ₹233.04. A breakout above ₹233.04, accompanied by strong volume, could signal a continuation of the uptrend towards ₹315.42. Conversely, failure to break above ₹233.04 may result in a potential reversal towards support levels like ₹190.00 and ₹160.00. Volume Analysis: - Increasing volume could support a breakout above ₹225. Conclusion: - Watch for a closing price above ₹225 as an indication of potential bullish momentum in Manappuram Finance. - Confirmation with strong volume is advisable for assessing sustainability of any breakout - Be mindful of support levels at ₹190.00 and ₹160.00 in case of a reversal scenario.
NSE:MANAPPURAM
by Maker-X1906
1
Reverse Flag Pattern seen in Bank NiftyReverse Flag pattern formation is seen in Bank nifty today. Flag Pattern basically in simple language a figuratively a pole and flag - drawn on the chart, either straight or reverse. How does a flag pattern matters in trading? Flag patterns signify trend reversals or breakouts after a period of consolidation. So the important point to note is Bank Nifty is trading at all time high vs Nifty is not supporting in same way so chances of this reverse flag pattern break out are high. Even RSI is falling and on upper side, long can be seen only after crossing todays high. As shown in the chart a retest to upper trend line can happen and reversal to take place, lets see how this works. Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
NSE:BANKNIFTY
by AdhigamaTrading
NIFTY -- DOJI REVERSE TREND...NIFTY ..in my last idea of about nifty...i shown on daily chart doji candle formation after bearish trend when nifty at 17100 ..this doji candle was sign of trend reversal before bullish trend starts. last 2 days we can see this actual trend reversal on nifty in form of 2 GREEN CANDLE back to back of last 2 trading session nifty turn bullish..last 2 session we seen around 400-500 point rise of nifty . ! HEIKIN ASHI doji candle, this candle actually give us indications before trend reversal from either of trend and we can set our trade according to this candles . THIS idea is CONTINUATION OF LAST IDEA OF NIFTY DOJI TREND REVERSAL..PLEASE SEE EARLIER IDEA FOR REFERENCE ! this idea is for educational purpose. ! HAPPY TRADING. !
NSE:NIFTYLong
by champtrade111
2
Motherson Sumi - Reversal from channel bottom🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
MLong
by PrakWorld_Traders
2