With results can see retracement back to 33% - 136 levelWith gold prices rebounding after 8 months of sluggishness and stock getting bottom out. Expect it to first test Rs. 115 level and than 136 levels in the short term.
MANAPPURAM trade ideas
MANAPPURAM - Consolidation BreakoutNSE: MANAPPURAM is closing with a strong bullish 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 consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 13% 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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Disclaimer:
This is for educational purposes only.
AT SUPPORTLooks bullish from here, at Proper support. Downside very limited from here most likely. It could go all the way back to 200 levels
1 Swing trade and Index trade Ideas for 19 October Markets I daily make educational content videos for financial markets
Manappuram might give a strong breakout.Keep an eye on the breakout of the trendline. i.e. 105
Trend might change.
Low-risk setup.
manappuram breakoutmanappuram breakout the previous resistance, so that we can except positive for the stocks for move more in futur
Manappuram LongStock is currently in downtrend
only reason to go long is weekly hammer plus strong Fundamentals
Long possible at CMP : 88Rs
with 8% sl hammer low
Long Chart making a beautiful cup then handle
Buy I buying before making a pattern
Beacush I observed the chart
Revenue increase every year and eps also
MANAPPURAM Bouncing off long-term trendlineMANAPPURAM has successfully taken support at its long-term trendline for the last 6 years. The stock has touched this trendline and bounced off of it every two years since December 2016 (as shown in the chart). Another bounce happened in May 2022 and the price is still in a buy range.
This looks like a good place for accumulation. Price targets can be 126, 145, with 218 as the final target. Stop loss below 80. This is a medium to long-term buy opportunity in Manappuram Finance.
MANAPURRAM FINANCE-CUP AND HANDLE BREACKOUTMANAPURRAM FINANCE-CUP AND HANDLE BREACKOUT(look for volume candle to enter+EMA CROSS 50/200)
MANAPPURAM CUP AND HANDLE FORMATIONManappuram is forming a cup and handle pattern. can go long from here for a target of 112. 112-115 will act a resistence above which can expect a smooth move till 126. can go long with a sl of 97.
Manapurram Finance: Seems stock is bottoming outManapurram finance is offering good risk reward setup. Seems stock has been bottoming out and forming Inverse head & shoulder which indicates a trend reversal pattern. Keep on radar.
MANAPPURAMsymmetrical triangle pattern "down trend continuous pattern "
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intraday, swing, short termhead 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
reffer my old analysis attached below
Mannapuram Retesting done.Retesting done , Can start accumulate above 110. Good for short to long. SL 99
*Learn and Earn*
Manappuram Finance trend change?As shown in the chart, there's a wedge pattern breakout in the background, followed by a range breakout with good price action and volume, good chance of the stock moving up.
MANAPPURAM POSTIONAL TRADE ANALYSISThis stock has witnessed a huge spike in volumes in the last trading session. Its near strong resistance. If it is able to cross it with good volume then we can see a good upmove
#Manapuram finance #Manapuram finance
Rounding bottom pattern.
Target - 125/168
SL-90
CMP:108 @ 7 August 2022
Manappuram bullishMinor trend breakout with S-Retracement in Manappuram. In monthly timeframe, its at support. Momentum is building
MANAPURAM FINANCE LOOKS GOOD !!Manapuram Finance Looks Good...
Range + Volume Breakout Stock...
Buy Above 108
CMP 108
TGT 120++
SL 103
SHORT TERM VIEW...
buy sidebullish chart formation with good volume support
rsi + adx in favour of the long side
close above 109 to be noted
disclaimer - study purpose only.
