MANAPPURAM trade ideas
PURE PRICE ACTION The setup is all set for a breakout with good volumes and RSI in momentum.
Key level: 175-180 levels: Could act as a resistance. Be cautious! Wait for the right price action.
Breakout will be confirmed once it crosses this key level. If it does, bears would be trapped at top levels and a swift upside momentum could be seen in intraday session.
Let's wait for more price action.
Disclaimer: Take this trade for educational purpose and trade on your own risk.
Happy trading!
MANAPPURAM FINANACE LONGTHE STOCK HAS GIVEN A GOOD BREAKOUT ABOVE THE CURRENT RESISTANCE LEVELS . A BULLISH CANDLE CLOSE ABOVE THE RESISTANCE MEANS THE BULLS ARE IN CONTROL.
STOPLOSS WOULD BE A CLOSE BELOW THE BREAKOUT CANDLE'S LOW.
TARGET AS LONG AS THE STOCK REMAINS BULLISH WITH VOLUMES.
MANAPPURAM FINANCE_Shhort IdeaManappuram Finance has made "M" pattern, one can go for short.
I'm a beginner if anything wrong pls correct me.
Manappuram financeGap filling and breakout retest done long above 135.60 with Support of 132.50....for t1 137.75/139.60/145
BULLISH ENGULFING IN MANAPPURAM FIN BTST TRADE IN MANAPPURAM FIN
BUY@157.75
STOP@154
TARGET-1@162
TARGET-2@166
MANAPPURAM FINANCE moving in channelIn the 1 Hour timeframe, we can specifically find the stock moving in the uptrend channel.
One should wait for the retracement level and then make a long position.
Manappuram IdeaBullish Cypher pattern, PRZ around 104-106.
If reverses, can initiate a trade with 96 as SL for target of 118 and 125.
Disclaimer - Please do your own analysis before initiating the trade
MANAPPURAM - Long BreakoutNote: This is for educational purpose only.
There is a bullish breakout in Manappuram with strong rise in buying in volume. RSI above 60 which shows strong price momentum. Seems like formation of inverted hammer as well (not an accurate one though).
Flag pattern with retestA very strong bullish trend is expected as there has also been a retest of the trend. Buy and hold for few days. Min RR=3.
Trend buy in dips till 120. Target 200+ RR: 1:3Mannapuram Finance Spot cmp 146
Weekly Support 140-120
If not broken 190-220-230 soon
Stop Loss: 120
Trade with strict SL always
