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Manappuram | Cup & Handle Pattern 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =170 or CMP --Target = 187 | 209 --Stop-loss = 159 --Lot Size = 6000 --R:R = 3.61 --Expected Profit = 2,28,000₹ per lot ( 22% ) --Expected Holding = 3-6 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Cup & handle formation 2) Volume is good at the time breakout 3) fundamental is also good ( Check Once More ) 4) Refer Chart for more Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:MANAPPURAMLong
by ReviveTraders
9
Manappuram - PositionalThe stock is on a consolidating uptrend after taking support from 50DMA. Positional Trades: Go long above above 163 for 165, 168, 170 with SL at 160. Short below 160 for re-test of 50DMA with targets of 158, 156, 155 with SL at 162 Don't take directional positions in case of Gap up/down openings. Follow 15 min ORB. Disclaimer: These are NOT trading advice! The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement. & If the idea makes sense to you - like it & share comments :)
NSE:MANAPPURAM
by raj_rishav