If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
#MANAPPURAM Seems at good support level. comparing it with the fall during covid, current price 112.55 looks perfect for a entry with averaging till 85 Keeping the strict stoploss at 80
CMP 112.55
STOPLOSS 80
AVERAGING ZONE 100-85
TARGET 225
TIMELINE 1-2Years
MANAPPURAM has given Cup n Handle pattern breakout from its 133 resistance level.
Target: 157+
SL: Daily close below 132
Note: It seems to be trun-around stock and can give good rally in coming days, should have strict SL as this stock sometimes tend to give sharp corrections.
Manappuram Finance looking good for intraday 08/07/23.
After 2 days fall high chances of recovery
Good straddle rate with Good IVP.
Today Day Low Sl.
Upside Targets - 130-132-135
In the Weekly Chart of MANAPPURAM ,
we can see that; After the Breakout of Inverted H&S, IT FAILED.
It has now given breakout of same level & retested it.
Enter at 123 with SL as 117 and Target as 155 .
More Than 1:5 Risk can be achieved by booking profits at 155.
To be traded for Intraday today
13th June, 2023
MANAPPURAM
#intraday #stocks #priceaction
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 13th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk...
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
Manappuram spot cmp 104
weekly time frame
chart pattern study
Head and shoulder pattern
Pole and Flag pattern,
Counter have neck line support around 90 levels
and demand zone as per previous swing low around 70-80 levels
at the moment counter is on verge to give a weekly close below support line of penant, if that happen counter can give fall till levels of...
head and shoulders + flag pattern is formed
midcap and smallcap stocks are going to boom
intraday opportunity is less, but for two to three days of holding is good
for long term investment
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.reffer my old analysis attached below
MANAPPURAM:- Ascending triangle pattern is formed, breakout is found and if it comes out above 132 then you can plan something, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until...
