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MANAPPURAM FINANCE LTDMANAPPURAM FINANCE LTDMANAPPURAM FINANCE LTD

MANAPPURAM FINANCE LTD

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MANAPPURAM trade ideas

MANAPPURAM at Crucial Support/Resistance ZoneMANAPPURAM has entered the crucial 180 zone. This was the pre-Covid Feb'2020 high and has been respected multiple times in over the last 1.5 years. The stock has touched this zone with a gap-up doji. Price action in next few days will determine whether this resistance will see selling or whether we will see a breakout toward the bullish side. We will be closely monitoring the price action and update on this space as and when we see a trade developing.
NSE:MANAPPURAM
by vipulmehta817
Manappuram Finance- CMP 164.15Manappuram Finance- CMP 164.15. It can be taken at current price with a sl of 159 for a target of 171, 179, 185, 192. In August 21 it fallen from a haigh of 214 and stabilized around 158 to 164. RSI and MACD are showing strength for price rise. It is in the process of cup formation and top of the cup is around 185. It recovered up to 23.6% of Fib levels. This is for educational purpose and any buying or selling shall be done after consulting financial expert.
NSE:MANAPPURAMLong
by avlnrao63
[Diary] Manappuram Price Action OverviewComment -> Hold the buy positionaly but do SAR (Stop and Reverse) if sell triggers. When Sell triggers, it should be in intraday only. If you already have buy position, it is good to sell 180CE as that has high OI. Alternatively, Sell 180ce positionally if sell triggers. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:MANAPPURAMLong
by Amit_Ghosh