Search in ideas for "MANA"
MANAKCOAT - Weekly Chart Analysis, CMP-34.95On the monthly chart the price was not able to sustain above 25 levels which we see now seems sustaining.
Probably coming our of small base of 8 weeks and 20.5% range it is well sailing above all its key moving averages with decent volumes. Quarterly sales are improving.
18-25 levels will now act as strong support and a weekly close below it with a follow through will invalidate our view.
42.5 - 62.55 will be the primary targets as these are the resistance above. After successful breakout of these levels 74 - 90 - 111 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANAKSTEEL - Weekly Chart Analysis, CMP-81.95A probable classic VCP structure. Successful closure over the resistance/supply zone 49-54 on good volumes.
49-54 shall act as main support zone, but 64 will also act as a minor support from hereon.
Weekly close and follow through below it shall invalidate our view.
On the upper side, 87 - 103 - 123 - 135 levels can be tested over the long term in future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANAKSTEEL BreakoutManaksteel has give a multiyear breakout and is expected to rise at least 20%. It was taking support of a trend link from recent weeks and also it had a resistance at Rs 52 which it had break with a huge volume and now can be expected to give a good rally in the market . Lets see what happens next
MANAPPURAM TREND NOWTREND - NUETRAL
PRESENT ZONE- Grinding near multi year supply zone
FORECAST -As per ZONE
above lots of supply zones.may come near to 160 demand zone and bounce back.
MY TAKE-
Manappuram fin ipo good listing may take it higher once 165 multi year supply zone is taken out.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
Manappuram Finance - Madhu Kela TradeI respect Mr. Madhu Kela highly for his performance since Reliance Mutual Fund days..he still commands the respect of several ulta HNI's who also happen to be market veterans. Often they hunt in packs. The last such pick was Canara Bank..
Now it seems like Manappuram has caught their fancy so this is purel a trade based off that..
Also the setup is beautiful..Gold is peaking..loan advances by all financial co's is at a high.
Technically a nice cup and handle forming..
Along above 126.50 .. the ideal stoploss would be below 114 (220EMA) but for a tight trader it can also be 5% below purchase price.
MANAPUPURAM ---MULTIBAGGER 2023MANAPPURAM -- Monthly chart setup - GOLDEN YEAR 2023
1. stock trading at Monthly upper channel , channel lower level support seen around 100-105 level from then continuation to upward channel
2. Gold price appreciation this year gold price hit all time high, that boost fundamentally.
3 . Normalized smooth MACD shown at positive crossover point
4. Double bottom support seen at trend reversal around 80-85 level
5. potential upside 50-80% from current level 115-118 target 150-180-200 n 1 year, stop loss bellow channel and trendline support at 75
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. Trade at own risk !!
** HAPPY TRADING. !!
MANAPPURAM FIN LONGBuy MANAPPURAM FIN for Target 1= 114 Target 2= 124
with SL below 89
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
MANAPPURAM SIMPLE PRICE ACTION DAILY CHART WITH GAINING VOLUMES Mnappuram finance daily chart looking good by breaking horizontal trendline and closed above with gaining volumes from last three days and created a strong bullish pattern (THREE WHITE SOLDIERS) it could be a resumption of bullish trend in it and volumes indicating further good upwards movement will continue in it.
CAUSE OF LONG-:
1-Breakout on horizontal resistance trendline and closed above
2- Gaining volumes
Manappuram Fin - Short in 1hr TF if it breaks the support levels🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
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)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.