Mannapuram LongThe stock has just made a cup and handle pattern and broken price with volume.
Target - 123.40, 132
CMP - 119.55
SL - 108
Key stats
Market capitalization
101.144BINR
Dividends yield (FY)
2.51%
Price to earnings Ratio (TTM)
7.55
Basic EPS (TTM)
15.90INR
About MANAPPURAM FINANCE LTD
ISIN
INE522D01027
Sector
Finance
Industry
Finance/Rental/Leasing
Website
manappuram.com
CEO
Vazhappully P. Nandakumar
Headquarters
Thrissur
Employees
27.736K
Founded
1949
Manappuram Finance Ltd. is a non-banking financial company, which provides financial services, including gold loans, foreign exchange services, and remittances. The firm offers cash loan against gold pledge and also offers its customers with money transfers and foreign exchange services. It also ventures into the foreign exchange business with the Reserve Bank of India having granted an authorized dealer. The company was founded by V. C. Padmanabhan in 1949 and is headquartered in Thrissur, India.
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023
1. Trendline fake breakout
2. Increased buy volumes
3. MACD , Stochiastic RSI crossovers
4. Recent buy by SBI-Mutual Fund
Target1- 125.65
Target2- 140.95
SL - 100
Disclaimer :
I am not a SEBI registered Analyst so please do your own Anal
manappuramstock form higher high and lower high (raising channel pattern) stock @ lower support zones
intraday, swing, short term; min 70% returns, manapuram fin, head and shoulders + flag pattern is formed
midcap and smallcap stocks are going to boom
intraday opportunity is less, but for two to three days of holding is good
for long term investment
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.reffer my old analysis attached below
MANAPPURAMmanappuram looks good on daily frame 116.15 will act as a make or break level . keep an eye with sl placed at 108.
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 . Nor
#Manapuram financeStock is ready to complete round bottom pattern, strong volume seen...keep in radar as per levels marked
Manappuram Finance - Daily - cmp 116Stock has made an inverted head and shoulders pattern on daily charts.
Plus there is a golden crossover on daily charts. Bullish sign.
(Lets see if it holds the pattern and indications)
Above neckline of 126
Targets can be 132-139-146
SL - daily closing below 107
Alwasy trail your profits.
*Thi
Bullish move in Manappuram Finance ?In today's session Manappuram Finance showed some wild swings. CMP corrected almost 4.33% in first 15 min of today's opening. But its price chart is quite interesting if you look carefully. The first candle in 15 min timeframe showed stock corrected almost 4%, but in the same candle a bearish shadow
BuyBuy on daily close abv 126. stop loss 106 on closing basis target 1-173 ( May 2023). Target 2 -215 ( Sept 2023)
Disc : It's not an investment advise to buy or sell. Do your research
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