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.
Reverse
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.
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jubilant food it is facing resistence
it does mean by i am giving call to you, not like that when you see the price come to support level so that if are a invester in this stock again you can Invest your money in a lower level and if you are a trader you should look at proper Regections and Breakout
Always follow Risk and Position Management❇️❇️
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Happy trading😊
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. !
RALLIS INDIA Daily chart pattern analysis 01.12.2021RALLIS INDIA as per daily chart pattern analysis iam very surprised to find the stock has not shown any sign of recovery after hitting the support levels and once it breaks 243 level then next support level is at 238 and next is placed at 232 level. I hope tomorrow being bullish the stock should reverse from here and consolidate to move upwards.
MOTHERSUMI TRADE SET-UP FOR TOMORROWAs you can see in the previous day's chart, there is a strong support at the level of 240.
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Stock is in downward from last so many days, now the stock reversed from the level of 236 and given the green candle closing.
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Tomorrow stock will retest 240 level, if stock goes above 242 you can buy this trade.
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What's your view on this comment below in the box.
SUNPHARMA TRADE SETUP FOR TOMORROWThere is a strong resistance of 840, stock two times reverse from this level,
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And then recovered in a v shaped now again today touched the level and made the breakout candle,
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So tomorrow if share goes above 840, we can buy this trade.
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What's your view on this comment below in the box
Nifty Trade Setup For Friday (16th July)Everyday Nifty is making higher high and higher lows.
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Very soon or maybe tomorrow we can see the level of 16000.
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If Nifty break 15950 then next level will be 16000.
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If Nifty reverse then it will take support from 15870-15880.
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Gapup or gapdown is exceptional trade accordingly.
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What's your view on this comment below in the box.
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
MARICO REVERSE HEAD AND SHOULDERMARICO REVERSE HEAD AND SHOULDER....
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Bullish Reverse Divergence Appears . Lets See What happens NextKotak is making Higher Lows While a combo of Several Oscillators are making Lower Lows . So A hidden BUT Powerful Divergence is Spotted here . I have invested a very small amount.. A few Candles and Volumes will guide us Tomorrow Morning.
Will SRIPIPES Remain within PIPE (Channel) or Break Out ??? Explained in Charts
Just a View
Disclaimer : Purely My View & you can Add yours
Arvind Wash'n Rinse patternPrice has broken out of the channel but got rejected immediately at the resistance and closed below the channel. It looks like a good trade able Wash and Rinse setup. One can short the stock if the recently made is affordable and can expect the target around lower boundary of the channel. It offers reasonable reward to risk being taken.
RCOM Buy Ascending Channel. RCOM price movement are forming a beautiful upward channel. Today's touch at lower boundary offers a good opportunity to go long at this level. Low of last swing would be a good protection so could be used as a Stop loss. It offers a good possibility to reach the upper end.