MANAPPURAM trade ideas
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWMANAPPURAM FINANCE share has consolidation from last two day now there is time to breakout or breakdown.
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194 is support and 196.5 is a resistance, if stock goes above 196.5 you can buy this trade for the target of 200.
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Stock following the trendline from last so many days. So let's see on tomorrow.
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Manppuram - Swing trade***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Manappuram good to buy above 176.7If price is sustain/start taking support above 176.7 then good to buy for target 210 or new higher high.
Manapuram4.10.2021
182.65
BB expansion
Moving up again in the rising channel
Weekly FISHER crossover
Weekly MACD coming in +ve zone
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.
Manappuram - buy on dipsBuy < 169 to 167
easy target 175
tg 2 - 183
positional tg - 198
This is my personal analysis for study purpose not intended for trading
Day Trading Strategy using Pivots & EMAOne can see price bounce from Pivots & EMAs, that signals our entry point
(Read image data & back test before applying in live market trade)
Manappuram Finance LongManappuram Finance CMP 179 add on Dips till 170..Upside 184/190/196+..Support 166
Attempting Breakout The last time, it broke out, it could not sustain and hold ground. Has done its bit of consolidation between 160 and 170 levels and ready to go up now. Nice RSI and other indicators. Sl is 168.
manappuram financemanappuram near breakout
good volume
company good on finnacial condition
keep watch
buy for swing target 190/193/198++buy this stock as it has very good fundamentals and strong financials and showing reversal after the fall, gold loans are at new record levels and are expected to grow with time.
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWMANAPPURAM FINANCE share is near to breakout, stock is consolidating between 170-175.
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Previously we also gave the trade when MANAPPURAM is at 168. Now again it a time to BREAKOUT.
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169-170 is strong support zone, you can buy this trade once it cross 175 for the target of 180-185
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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.
MANAPPURAM Long SetupMANAPPURAM Can enter at 174 with stop loss of 160 for the target of 188 and 202
[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.
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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.
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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.
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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.
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MANAPPURAM - Long trade ideaRR 1:2 I am following the market structure on a weekly time frame. Bullish
MANAPPURAM Swing Trade Idea#MANAPPURAM : Swing buy at 178 for 190 as target with SL below 172. #Swing #Positional
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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