SWING (KEEP WATCH) Script broke down major support trendline in hourly time frame , now below 0.5 fib around support area 172 trying to take support , but further fall below 0.38 fib-166 level can lead to testing of major support swings around 155
MANAPPURAM trade ideas
Manappuram Finance Q3 Earnings Update and TrendAnalysis Timeframe: Daily
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06, aligning closely with key demand and supply zones. The stock needs to sustain above key support zones to continue an upward move.
Key Levels to Watch:
Resistance Zones (Upside Targets):
🟢 Strong Resistance: 219.33, 211.89🟡 Major Resistance: 205.08, 200.61
Support Zones (Downside Risk):
🔴 Strong Support: 196.50, 194.50🟠 Weak Support: 188.66, 179.64, 169.72, 160.00, 157.54
Bullish Scenario: If the price holds above 194.50 and reclaims the 20 DEMA, expect a potential move toward 205.08 – 219.33.
Bearish Scenario: A breakdown below 194.50 could see price testing 188.66 – 157.54 as the next downside targets.
MANAPPURAM FINANCE LTD - APPROACHING RESISTANCE AREASymbol - MANAPPURAM
Manappuram Finance Ltd. has been experiencing a recovery from lower levels in recent weeks. The stock has bounced back from support zones and is now testing key resistance areas. However, it faces considerable challenges at higher levels, showing signs of consolidation as it approaches its resistance zones.
The overall trend appears to be in recovery, following a significant dip. However, the stock is facing resistance at higher levels, indicating a potential pause or consolidation before any significant movement.
Short-term trend looks slightly bearish, as the stock has encountered selling pressure at resistance levels and is currently consolidating. Long-term trend remains positive, driven by the company’s strong fundamentals in the gold loan market.
The stock is currently trading within an ascending triangle pattern and is consolidating near key resistance levels. My personal bias is towards the downside, and we could potentially see a sell-off from the resistance zone towards the triangle support trendline, with the possibility of a move below it.
The trade strategy could involve looking for short opportunities near the resistance zone, especially if the stock fails to break out and begins to reverse. However, if the stock manages to break above the resistance trendline of the ascending triangle, the bias would shift to the upside.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Manappuram Finance | Breakout | Swing TradingBreakout | Swing Trading
Chart Analysis
1) Ascending Triangle Formation
2) Market Structure Breakout
MANAPPURAMKey Technical Observations:
The stock has made a decisive move above its 200-day moving average (currently around 184), indicating a potential shift in long-term trend.
Current price action shows momentum with a close at 193.75, though volume confirmation remains moderate.
Multiple moving averages are starting to align bullishly on the daily timeframe.
The sector-wide strength adds credibility to this setup.
Trading Setup:
Entry Strategy: Consider long positions on a breakout above Friday's high
Stop Loss: Can be placed below the recent swing low around 168-170
Target: Initial target at previous resistance zone of 210-215
Risk Factors:
Volume needs to improve to confirm strength of the move
Watch for sector-wide momentum to sustain
Trading Recommendation:
While the setup looks promising with the break above 200 DMA and positive relative strength, a conservative approach would be to wait for:
A confirmatory break above Friday's high
Accompanying volume expansion
Holding above the 200 DMA
Turning Bullish: Manappuram Finance Ltd. Manappuram Finance Ltd. has been trading within a tight range in a BOX PATTERN for the past couple of weeks.
Yesterday, there was a clear and significant break in the box pattern.
The stock took strong support on 20 EMA (Black Line).
Resistance levels: 176, 187, 203, 214, 228.
For confirming the bullish trend, 20 EMA (Black Line) has to trade above 50 EMA (Orange line) in the weekly closing.
The upside potential is optimum and the downside risk is minimal.
Bullish Manapuram*The stock had already done its 50% retracement.
*If it sustains this level it can touch its previous highs i.e.229
*Fundamentals are strong.
*Cup and handle formation may also confirmed.
*THIS ANALYSIS IS JUST FOR EDUCATIONAL PURPOSE. AND IT IS NOT ANY TYPE OF BUY OR SELL
RECOMMENDATION.
Manappuram Finance Value Buy, Big cup pattern.Manappuram Finance recently got tumbled due to RBI ban on its microfinance arm ashirwad finance.
But promoter of company has bought stock at 170 before it got happened, PE 6, PB of 1.2. Company is taking necessary precautions to lift ban of RBI.
They are pioneer of good loans in INDIA.
Currently this stock offers good margin of safety. The company has ROA of above 4% , however they are taking necessary actions to reduce NPA levels.
Strong Investment Opportunity in the Gold Mannapuram Finance: A Strong Investment Opportunity in the Gold Loan Sector
Mannapuram Finance primarily focuses on gold loans, providing financial services to individuals and small businesses.
Mannapuram Finance presents a strong investment opportunity, particularly in the gold loan market, with solid financial health and growth potential
Dividend Policy: Regular dividend payouts reflect the company's commitment to returning value to shareholders.
Risks: -Exposure to fluctuations in gold prices.
Manappuram Finance Next 1 month SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
#MANAPPURAM: Target 175, Duration 4-5 Weeks#MANAPPURAM: Target 175, Duration 4-5 Weeks, Trading near short term resistance
MANAPPURAM: 122% upmove possible🟢PE ratio = 6
🟢highest ever sales & profit
🟢price is the same as October 2019 when the profit & sales were 50% of current levels
🟢may form an inverted head and shoulders and give a technical upmove of 122% from CMP
Disc: already invested
Manapuram 235 targetBuy buy buy
Upside 49.13 %
Target -: 235 target
There are 8 analysts who have given it a strong buy rating & 4 analysts have given it a buy rating.
Manappuram SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Manapuram Analysis for Long Term InvestmentManapuram currently at good support , can entry in this support or entry on trendline , or even wait for trendline to broke.
Manappuram - SwingBullish Candle - Ready for Swing! A gap down occurred, but buyers stepped in throughout the day, signaling a possible trend reversal.
Manappuram Finance Ltd.: A Promising Financial OutlookManappuram Finance Ltd., a prominent player in the finance sector, has demonstrated positive financial performance. The company's banking operations have shown steady profitability, as evidenced by its profit and loss statement. The stock's substantial market capitalization of 17876 crores and its robust growth trajectory, as assessed through fundamental analysis, suggest a favorable investment outlook. Moreover, the stock's ROE and ROCE ratios are indicative of efficient capital management.
While the stock's liquidity position, as measured by its current and quick ratios, could be improved, it remains manageable.
Regarding shareholding, Foreign Institutional Investors (FIIs) have shown increased confidence in the company, slightly raising their holdings in the June 2024 quarter. Conversely, Domestic Institutional Investors (DIIs) have marginally reduced their stake.
From a technical analysis perspective, the stock's all-time high of 230 remains a significant milestone. Currently trading within a sideways range of 200 to 221, the stock would need to decisively break above the 221 resistance level and sustain above it to initiate a sustained upward trend, potentially targeting the 230 level.
Note: While the analysis presents a positive outlook, it's crucial to conduct thorough due diligence and consider individual risk tolerance before making any investment decisions.
Manappuram Fin Looks Buy based on Daily charts for 20% upsideManappuram Fin Looks Buy based on Daily charts for 20% upside.
Stock is forming breaking from Flag pattern & looks ready for new upmove.
LTP - 217
SL - 199
Targets - 270
Timeframe - 3-4 Months.
Happy Investing.
MANAPPURAM FINANCE - 3yrs BO possible - Outlook Bullish!Price Analysis and Overview:
- Prices are testing ATH levels,
- Good volume build-up is needed.
- Strong fundamentals.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Manappuram inverted head & shoulder & my long-term view- stock reached the inverted head & shoulder neckline
- the size of the head is the target
- Elliot wave 2 is just a prediction, this predication may or may not happen
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Manappuram Finance ( Reverse or Good Breakout )Stock Analysis: NSE:MANAPPURAM ( Reverse or Breakout )
Overview:
Current Price: ₹224.23
Timeframe: Monthly Chart
Key Levels:
Resistance Levels:** ₹225 (significant), ₹233.04 (major), ₹315.42 (potential target if breakout occurs)
Support Levels:** ₹190.00 (recent low), ₹160.00 (significant support)
Price Action:
The stock is currently approaching a major resistance level at ₹233.04.
A breakout above ₹233.04, accompanied by strong volume, could signal a continuation of the uptrend towards ₹315.42.
Conversely, failure to break above ₹233.04 may result in a potential reversal towards support levels like ₹190.00 and ₹160.00.
Volume Analysis:
- Increasing volume could support a breakout above ₹225.
Conclusion:
- Watch for a closing price above ₹225 as an indication of potential bullish momentum in Manappuram Finance.
- Confirmation with strong volume is advisable for assessing sustainability of any breakout
- Be mindful of support levels at ₹190.00 and ₹160.00 in case of a reversal scenario.
Parallel channel breakout with good volumeGood volume buildup in daily and weekly time frame.
Parallel channel breakout in daily and weekly time frame with good volume.
3 year high broken.
Fundamentals are good.
Net profit increased.
FII stakes increased from28.95% to 31.99%.
NOTE: I do my analysis, do yours before trade.
Good opportunity to long, try to accumulate on every dip.Break out stock,
Long Term target is 360,
Daily/Weekly/Monthly RSI >60,
Try to accumulate on dips.
