MANAPPURAM trade ideas
Entry@125Manappuram Finance - Entry@125
Sales growth of 15.5% since 2015
Income growth of 38% with an average ROE of 18%
I have initiated a pilot position. I will add more based upon price strength and 2019 march annual earnings guidance.
MANAPPURAMStock may face some resistance around 125.5 levels.
On daily charts also its at strong resistance at 125-130 levels.
If holding, one can book 50% of profit.
Fresh buy not advisable.
Manappuram..short?lets try shorting in the market..haha
short manapuram with stop at 121.5..first target 114 115..
note: ths is my personal view only
[Intraday] MANAPPURAM Inside Bar TradeInside Bar
Long above 121.70, SL PDL
Short below 119.30, SL PDH
If gap up or down, follow 5m ORB.
MANAPPURAM DO OR DIEMANAPPURAM previously reversed from 113 levels and now again facing resistance at the same supply zone.
Will it break the resistance zone? or will it travel in the same wave pattern?
Above 115 target 120-130
Manappuram Short Feb expiryManappuram 105 pe can be jackpot
Volume dried up , it is strong resistance zone, rsi negative divergence, Expect it to pull back till 104-105.
[Intrday] Insidebar MANAPPURAMLong 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.
PDH 114.65
PDL 111.55
[Intraday] MANAPPURAM Weekend lvl 5 + Inside Bar Short TradeWeekend lvl 5 + Inside Bar
Short below 111.35, SL PDH
PDH = 114.75
If gap up or down, follow 5m ORB.
MANAPPURAM - Testing resistance at 113-sell if crosses below 111The stock is moving in parallel channel and it is likely to test fibonacci level 78.6% (Rs116.5) and then retrace to 61.8%
Aim for a target of
1. TGT 1 - 105.9 (fibonacci level - 61.8%)
2. TGT 2 - 102.3
SL - 120
Manappuram..time to relaxManappuram has moved up pretty strongly and has reached resistance zone and away from even 20 dma.
time for a for pullback
Short March futures on every up move from here. expecting a correction to the 20 dma atleast at some point next month.
note: this is my personal view..
Manappuram.. last leg of upmove?Manappuram is heading to a stiff resistance around 114 region where it can be a short
Please refer to chart for levels and info.
Note: this is my personal view only..
WEEKLY || MANAPPURAM || SELLSell Manappuram Finance on a rise for the week with SL of 110 and target of 99.
[Intraday] MANAPPURAM Inside BarInside Bar
Long above 99.70, SL PDL
Short below 98.05, SL PDH
If gap up or down, follow 5m ORB.
[Intraday] 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.
