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MANAPPURAM Bouncing off long-term trendlineMANAPPURAM has successfully taken support at its long-term trendline for the last 6 years. The stock has touched this trendline and bounced off of it every two years since December 2016 (as shown in the chart). Another bounce happened in May 2022 and the price is still in a buy range.
This looks like a good place for accumulation. Price targets can be 126, 145, with 218 as the final target. Stop loss below 80. This is a medium to long-term buy opportunity in Manappuram Finance.
#MANAPPURAM #MUTHOOTFIN $GLD #NBFC #Stocks #DeFi #Banknifty #NSE#MANAPPURAM
NSE: MANAPPURAM
CMP: 162.90
Targets 190++
Might hold for 235++
Time Frame: Less than 2 months.
Analysis:
Uptrend Begins
Higher Low
Higher High
Flag Pattern
Cup and Handle Pattern
Head and shoulder Pattern
Double Bottom Pattern
Breakout
Price Action
Earnings improved
Super Bullish on this stock.
Might blast to more than 240 in long run.
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From Rachit Sethia with 💚
MANAPPURAM - SWING TRADE - 23rd December #stocks#MANAPPURAM (1W TF)
Swing Trade Analysis given on 23rd December, 2023
Pattern: ASCENDING CHANNEL BREAKOUT
- Breakout of Channel Resistance - Done ✓
- Volume Spike Buildup - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
Manaksia Ltd - Long Setup, Move is ON...#MANAKSIA trading above Resistance of 171
Next Resistance is at 205
Support is at 112
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Manappuram chart studyManappuram spot cmp 104
weekly time frame
chart pattern study
Head and shoulder pattern
Pole and Flag pattern,
Counter have neck line support around 90 levels
and demand zone as per previous swing low around 70-80 levels
at the moment counter is on verge to give a weekly close below support line of penant, if that happen counter can give fall till levels of 90-80-70 levels.
Keep watch..
Manappuram Finance - Can it become 3X again?Manappuram Fin is trading near a key trendline support. Stock has always become 2.5X to 3X after taking support on this trendline. Positive on the stock. Any further downside will be a good opportunity to add. SL below the trendline support (only on a close below the trendline on monthly candle)
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWMANAPPURAM FINANCE share has consolidation from last two day now there is time to breakout or breakdown.
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194 is support and 196.5 is a resistance, if stock goes above 196.5 you can buy this trade for the target of 200.
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Stock following the trendline from last so many days. So let's see on tomorrow.
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What's your view on this comment below in the box.
MANAPPURAM at Crucial Support/Resistance ZoneMANAPPURAM has entered the crucial 180 zone. This was the pre-Covid Feb'2020 high and has been respected multiple times in over the last 1.5 years. The stock has touched this zone with a gap-up doji. Price action in next few days will determine whether this resistance will see selling or whether we will see a breakout toward the bullish side. We will be closely monitoring the price action and update on this space as and when we see a trade developing.