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MANAPPURAM - Ichimoku Bullish Breakout Stock Name - Manappuram Finance Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 117
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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MANALIPETC | Good for Long NSE:MANALIPETC
Cmp : 142.40
Entry : Cmp or around 139
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWAs we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
MANAPPURAM is at support can give up to 29% returnsI will buy MANAPPURAM because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 143/148
Target : 162/182
Stop loss : 134
Short ManappuramManappuram May go down to 152 levels within 1 to 2 days.
Reason 1 : NR4 condition satisfying
Reason 2 : Trend is Down
Reason 3: Major Trend line broken ( daily trend line from june onwards)
Reason 4: No nearby weekly/monthly supports on downside
Reason 5: 20 EMA 50 EMA crossing probability
For Educational Purpose and not a reccomendation. Do your Analysis.
Thank you. If u made a profit pls follow me.
MANAPPURAM- BULLS OR BEARS??????I sense a deeper analysis of manappuram will give us the range from 123-165 for some time
You may easily enter and trade as it is in range of higher highs and lower lows in a channel,
The channel is uptrend
Ichimoku indicates a recent breakout
kumo cloud senses bullish
for tomorrow
enter above 128-129
for safe target of 132
If opens on downside below 126, is it better to not take short position as it ma be in sideways if goes down the range or breaks channel
All the best