Breakout In Manappuram Finance !Manappuram Finance has just demonstrated a noteworthy breakout from an Ascending Channel pattern, which has helped it hit 52-week high levels. A general bullish biasness towards the stock is indicated by this upturn.
After carefully examining the daily charts, it is apparent that a Change in Polarity (CIP) pattern has developed near the Rs 131 price level. The stock's upward trajectory is thereby strengthened.
Along with this, the stock price managed to sustain above crucial moving averages i.e. 50,100, and 200 SMA. Hence, strong bullish momentum can be expected in upcoming few weeks.
CMP: 146
Buy above 154.
Target: 185-190
Stoploss: 138.
Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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MANAPPURAM - Important support/resistance levels Key highlights:
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Possible selling climax
- Demand zone: 113-127
- Strong resistance: 150-155
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
MANAPPURAM is Making Symmetrical Triangle Pattern (Breakout)Manappuram Finance Limited : Non-Banking Financial Company ( NSE:MANAPPURAM ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
MANAPPURAM is Making Ascending Triangle Pattern (Breakout Trade)Manappuram Finance Limited : Non-Banking Financial Consumer Goods Company ( NSE:MANAPPURAM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
MANAPPURAM FINANCE Fall & Detailed AnalysisHi guys this is Trader Kanishk
In this video i have analysed NATIONAL ALUMINIUM
Points discussed in the video:
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
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.
MANAPPURAM FINANCE LTD - Crossover Trade📊 Script: MANAPPURAM (MANAPPURAM FINANCE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP / NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 116.65
🟢 Target 🎯🏆 - 138
⚠️ Stoploss ☠️🚫 - 106
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
MANALIPETRO - Presenting a great opportunityNSE:MANALIPETC
Manali Petrochemicals Limited (MPL) is engaged in the business of manufacture of petrochemicals. The Company is engaged in offering polyols and propylene glycol.
TTM EPS; 23.17
TTM PE: 6.10
Sector PE: 25.84
Book Value Per Share: 39.53
P/B: 3.58
Face Value: 5
Mkt Cap (Rs. Cr.): 2,432
Dividend Yield: 1.06
Some Positives:
High Piotroski Score - Companies with strong financials
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Near 52 Week High
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Not really any.
My Opinion: It is a gem of a company considering the fundamentals. I can see it rally till 165-190-205 in short term. !38 is key support level now. If it falls below that then 128 should be a stop-loss.
NOT A RECOMMENDATION. JUST FOR EDUCATION.
MANAPPURAM : Positional Buy Trade SetupNSE:MANAPPURAM
Hi Traders,
MANAPPURAM trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Manappuram- H&S pattern Positional sellNSE:MANAPPURAM
Hi Traders,
MANAPPURAM is in Sell zone and you can open new orders based on price action. Stock has broken support and neck line of H&S pattern and start moving in downward direction.
Stock Analysis
* Stock forms H&S pattern and it has broken neck line .
Buy Level
Sell below 146 (Based on price action)
Target Level
TP1= 136.50
TP2= 130.00
TP3= 119.50
TP4= 102.55
**********************************************************************************************************************************
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Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* It is educational/learning purpose only...
Trade well,
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MANAPPURAM - Bullish Swing ReversalNSE: MANAPPURAM is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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