Descending channel Resistance Breakout - MANAPPURAMPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
MANAPPURAM trade ideas
BREAKOUT, MANAPPURAM FIN, 65% RETURNSBUY - MANAPPURAM FINANCE
CMP - Rs. 150
Target - 1: Rs. 194
Target - 2: Rs. 213
Target - 3: Rs. 250
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Timeframe - 3 months - 12 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Short | MANAPPURAM 📉Looks negative for MANAPPURAM for now, we can short it below 140 (if closes) and keep a target of 113-115 and keep a SL of 144.
Enter the trade only and after 140.
I have just share my expertise, hope you all earn good profits.
Follow the given levels. this is not a buy/sell recommendation, Just for educational purpose only. Do your research & Invest.
MANAPPURAM - Bullish Swing ReversalNSE: MANAPPURAM is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Breakout In Manappuram Finance !Manappuram Finance has just demonstrated a noteworthy breakout from an Ascending Channel pattern, which has helped it hit 52-week high levels. A general bullish biasness towards the stock is indicated by this upturn.
After carefully examining the daily charts, it is apparent that a Change in Polarity (CIP) pattern has developed near the Rs 131 price level. The stock's upward trajectory is thereby strengthened.
Along with this, the stock price managed to sustain above crucial moving averages i.e. 50,100, and 200 SMA. Hence, strong bullish momentum can be expected in upcoming few weeks.
CMP: 146
Buy above 154.
Target: 185-190
Stoploss: 138.
Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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INTRADAY TRADE FOR TOMORROW 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 - Cup n Handle breakout - 15% upside potentialMANAPPURAM 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 - Intraday Trade || 13th June, 2023 #stocks 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 Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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Manappuram chart studyManappuram 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 90-80-70 levels.
Keep watch..