MANAPPURAM trade ideas
Manappuram short nov2019Ok so this rectangle size box is only hope for this stock to continue this upside momentum, I will look to short below this box and this looks good for 8-10% downside move. Actually I was long in this and just got a good exit today now suddenly it is looking good for downside too and I thought why not. Let’s see..
And guys please do your own study before any trade, I do this to record my trades only..
STBT TRADE IN MANAPPURAM FINANCE !!(FUT)!!STBT IN MANAPPURAM FINANCE
VIEW
:-DARK CLOUD COVER
:-RSI OB ZONE
:-PROFIT TAKING ON THE CARDS
TRADE IN 28TH NOV FUTURE CONTRACT
SHORT @171.5
STOP @173.5
TARGET @168.25
LOT:6000
QTY:1
MANAPPURAM weekly chart analysis for bulls who are in profitThings that bulls who are already riding on profits can do now:
1.a) Hold with a save profit at 132 if you want to preserve your profit and let the profits run and keep trailing your save profit order higher and higher with every bullish move.
1.b) Book partial profit at logical targets 163(CMP)-180-205-250 based on Fib extension with a save profit at 132 if you want to preserve your profit. Expecting more bullish move until mid July 2020
2) Wait for a retracement and add more at 115-104 levels to your existing position if you planning for a long term trade.
INTRA-DAY SHORT TRADE IN MANAPPURAM FIN !!(FUT)!!INTRA-DAY SHORT IN MANAPPURAM FIN
VIEW:-RSI REVERSAL SPIKE
BEARISH CANDLE
TRADE IN NOV FUT
SHORT@168.25
STOP@170.75
TARGET@165.75
LOT:6000
QTY:1
MANNAPURAM FINANCE...Bullish Climb Upwards.MANNAPURAM FINANCE is Showing a Bullish Trend forming an INVERTED HEAD & SHOULDER Chart Pattern.
Although the Study is Delayed by a few days. There is still some money to be made here.
Target : Rs. 176
Stop Loss : Rs. 164
Always Remember TWO Points in Share Market.
1. ALWAYS PUT STOP LOSS TO PROTECT YOUR CAPITAL.
2. ALWAYS REMEMBER Point No.1.
MANAPPURAM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MANAPPURAMOn the daily chart stock price has formed "CUP & HANDLE " pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicate an upside of 166.10 - 177.65 invalid close below 143. #Findyourtrade
Manappuram FinanceIt has entered into two bearish harmonic patterns >> PRZ - Bat and AB=CD. A retracement till 130-125 is probable. View negates above 145
