Inverted Head & Shoulder in Manappuram FinanceBuy @ CMP 113 or safe buy above 133.40
SL 101 (SL on 15 min. candle close)
Target : 146-160-168
CMP 113 @ May 03, 2023
Chart by CA Savita Rehlan
MANAPPURAM trade ideas
#Manapuram Finance Analysis Stock has completed round bottom pattern and given BO, follow chart for support and resistance levels.
MANAPPURAM FINANCE - 87% RETURNS!!!BUY - MANAPPURAM FINANCE
CMP - Rs. 130
Target - 1: Rs. 157
Target - 2: Rs. 209
Target - 3: Rs. 264
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Technicals -
1) Cup and Handle Pattern BO
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Fundamentals -
Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business.
1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued.
2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin.
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This is just a view, please trade at your own risk.
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Manappuram Wave analysisManappuram Wave analysis
wave analysis for Manappuram
1st Tgt done for 127%
2nd Tgt of 161% will lead to 140
ABFRL for long postion with strict SL given Mannapuram finance clear breakout of ascending triangle pattern, the best thing is after a breakout
it has retested the level of breakout which shows the more reliable breakout strict SL of 215 and target of 149 and 166,
stock is treading above 200,50,20 days moving averages showing strong momentum
Mannapuram LongThe stock has just made a cup and handle pattern and broken price with volume.
Target - 123.40, 132
CMP - 119.55
SL - 108
Manappuram Finance - Swing TradeBeautiful Chart Formation - Inverted H&S
Entry Above 127
Prev Close 126.60
SL 120
Target 150
Time Horizon -3 Months
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023
1. Trendline fake breakout
2. Increased buy volumes
3. MACD , Stochiastic RSI crossovers
4. Recent buy by SBI-Mutual Fund
Target1- 125.65
Target2- 140.95
SL - 100
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Manappuram Finance - Madhu Kela TradeI respect Mr. Madhu Kela highly for his performance since Reliance Mutual Fund days..he still commands the respect of several ulta HNI's who also happen to be market veterans. Often they hunt in packs. The last such pick was Canara Bank..
Now it seems like Manappuram has caught their fancy so this is purel a trade based off that..
Also the setup is beautiful..Gold is peaking..loan advances by all financial co's is at a high.
Technically a nice cup and handle forming..
Along above 126.50 .. the ideal stoploss would be below 114 (220EMA) but for a tight trader it can also be 5% below purchase price.
beware of false breakoutManappuram has given a breakout on daily and almost breaking out on weekly but we have some false break signs, so beware entering at breakout and wait for pullback or other confirmation.
1. the pattern is nicely setup but then a lower low has increased volatility and decreased chances of sustaining a breakout
2. 200 wema overhead
3. volumes hasn't pick yet
not to sell rather wait for better long confirmation
LONG CALL ON MANAPPURAM FINGood chart structure
Technical indicators are also supporting the stock and the uptrend
Target 123/127/135
Stop loss 119
I am just representing my views
For educational purpose only.
Mannapuram Finance Cmp 117.50 dated 24-3-2023 Bearish Candle Mannapuram Finance Cmp 117.50 dated 24-3-2023
1. Bearish Candle @ Resistance.
2. RSI breakdown
Sell below 116.50 for target 113-110-108-105-102 SL 122
It is just a view, please trade at your own risk.
manappuramstock form higher high and lower high (raising channel pattern) stock @ lower support zones
intraday, swing, short term; min 70% returns, manapuram fin, 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
MANAPPURAMmanappuram looks good on daily frame 116.15 will act as a make or break level . keep an eye with sl placed at 108.
MANAPUPURAM ---MULTIBAGGER 2023MANAPPURAM -- Monthly chart setup - GOLDEN YEAR 2023
1. stock trading at Monthly upper channel , channel lower level support seen around 100-105 level from then continuation to upward channel
2. Gold price appreciation this year gold price hit all time high, that boost fundamentally.
3 . Normalized smooth MACD shown at positive crossover point
4. Double bottom support seen at trend reversal around 80-85 level
5. potential upside 50-80% from current level 115-118 target 150-180-200 n 1 year, stop loss bellow channel and trendline support at 75
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. Trade at own risk !!
** HAPPY TRADING. !!
#Manapuram financeStock is ready to complete round bottom pattern, strong volume seen...keep in radar as per levels marked
Manappuram Finance - Daily - cmp 116Stock has made an inverted head and shoulders pattern on daily charts.
Plus there is a golden crossover on daily charts. Bullish sign.
(Lets see if it holds the pattern and indications)
Above neckline of 126
Targets can be 132-139-146
SL - daily closing below 107
Alwasy trail your profits.
*This is just a view. trade on your own risl
Bullish move in Manappuram Finance ?In today's session Manappuram Finance showed some wild swings. CMP corrected almost 4.33% in first 15 min of today's opening. But its price chart is quite interesting if you look carefully. The first candle in 15 min timeframe showed stock corrected almost 4%, but in the same candle a bearish shadow can be observed somewhat equivalent to the length of the body itself, this indicates buying of course. After an hour, stock price moved in consolidation as marked in the image and this lasts till the end of the day.
So, according to my analysis Manappuram Finance will move bullish tomorrow. If the price breaches above 118.70 then it could easily achieve the target levels marked on the image. By saying this, it doesn't means that price would straight up to the target levels after tomorrow's opening. Price may test the bottom of the rectangle more then once, before moving to the desired territory. So have patience on that part.
BuyBuy on daily close abv 126. stop loss 106 on closing basis target 1-173 ( May 2023). Target 2 -215 ( Sept 2023)
Disc : It's not an investment advise to buy or sell. Do your research
Inverted head and shoulder development in Manappuram FinanceThe stock is making an inverted head and shoulder pattern.
The resistance has been tested multiple times as well.
Buy above 126.25 level (on day closing basis) for first target of 139 (previous strong support/resistance zone)
Learn & Earn,
Dr. Tanya Kumar
