MANAPPURAM trade ideas
Manappuram Finance Ltd - 17.06.2021Manappuram Finance Ltd - 17.06.2021
The stock has made an intraday low @ 162.40, breaching the low of previous day candle @ 165.85
There is a MACD Bearish Divergence in daily chart which is confirmed today after the previous day low is taken off and prices are below ema
one can initiate a short position @ 163-164 levels with resistance @ 166.50 for targets below 157
watch out for the price action
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Mannapuram Finance Stock has formed cup and handle pattern. Also it has given golden cross. Buy Above 168 for target 177,187 and 191
buy manapuramthere is activation of sea horse pattern. we may see 182-185 in coming days. view negated below 155
Manappuram Finance_15% upsideDate: 31 May 2021
Perfect Rounding bottom.
Target and SL given in the chart.
HOLD for Long term, Opportunity for Short Term Currently facing resistance at 165 for the past 2 days. Indicators are bullish. Recommended to Hold.
CHART STUDY , NOT A CALL
MARK THE STOP LOSS before entering trade
positional long MANAPPURAM.a good bounce from its strong support of 139 lvl can be seen on chart, can be a good positional pick for mid term (5-6 week), can buy at CMP with a strict stop-loss of 134.00 lvl (only on closing basis). may show 155, 160,165 and ultimate target of 184 lvl.
THIS VIEW OF MINE IS PURELY BASED ON TECHNCALITY OF CHART, BEWARE OF NEWS.
#MANAPPURAM #MUTHOOTFIN $GLD #NBFC #Stocks #DeFi #Banknifty #NSE#MANAPPURAM
NSE: MANAPPURAM
CMP: 162.90
Targets 190++
Might hold for 235++
Time Frame: Less than 2 months.
Analysis:
Uptrend Begins
Higher Low
Higher High
Flag Pattern
Cup and Handle Pattern
Head and shoulder Pattern
Double Bottom Pattern
Breakout
Price Action
Earnings improved
Super Bullish on this stock.
Might blast to more than 240 in long run.
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From Rachit Sethia with 💚
MANAPURAM.FIN EQUITY levels ...31/05/2021 (D candle)MANAPURAM.FIN EQUITY levels ...31/05/2021 (D candle)
manappuramformed a shooting star pattern and confirmed its downtrend today by closing negative good opportunity to short
can go down till 130 levels
MANAPPURAM FINANCE - Its time to buyAs per my view this server will start showing good time . It has good caliber in short /medium
Manappuram Trend Breakout AnalysisOn 1Hr time frame Manappuram given the breakout with a good volume. Expecting a bullish trend going forward.
Long MannapuramYou can expect to see Mannapuram @ 281 next year.
Strong Financials, Trading Under its intrinsic value. Buy Now, Average if it comes to 140, SL 135 closing.
Ride for 75% gains.
Add 25 % quantity now ,
50 % at 140, and other 25% after breaking 185.
Manappuram to move in 5th gear soon target 170+Manappuram has formed a Inverted Head and Shoulder pattern, also crossed 50 EMA recently and open interest is showing very good support at 150 levels the stock should start moving in 5th gear soon. Fasten your seatbelts for roller coaster ride ahead.
Head & ShoulderThe stock has formed H&S with bullish sentiment at the neckline.
Can be bought at the current level of 160 for a possible target of 171.
Note: Educational purpose
