Mannapuram finance CMP 97.25 Buy for Traget 107- 115-122- 130-1Mannapuram finance CMP 97.25
Buy for Traget 107- 115-122- 130-150- 180-200+
can try for August Month
MANAPPURAM trade ideas
Manappuram finance : Price action + rsi + macd, ...Manappuram Finance : Price action ,Rsi and macd Indicators are suggesting to buy , but above 107 ...
Long term based on market structureChoch happened in daily - Market structure isking wait long term to reach The target
MANAPPURAMNSE:MANAPPURAM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MANAPPURAM Showing bullish Trend in Monthly TFMANAPPURAM Showing bullish Trend in Monthly TF, with very good risk rewards.
Good long opportunityGood long opportunity
Stock is respective its important support zone found in weekly chart . Good to have in portfolio for 50% retracement from here.
MANAPPURAM A Multi Baggger ?It seems Malappuram is a multi bagger in the making which can see 400 + in the next 2 years
Analysis :
After a 5 wave impulse move completing wave 1 of the Primary in January 2010. It went in to a complex correction finally forming a FLAT structure that corrected to the 0.618 Fib level completing the wave 2 of Primary.
So now its all set for wave 3.
Confirmation of completion of correction
1. Two consecutive inverted hammer in the weekly chart and a closing about it, confirming a reversal
2. RSI in the weekly chart at the oversold levels of around 30 - same as that in March 2020.
3. The FIB level of 0.618
4. Break out from the channel of the C wave of the FLAT.
So now all set for the 3rd wave which itself should take it around 380 - 1.618 fib level of wave 1-2
Even I had earlier posted about this but that was certainly a bit early - but it chose to correct to 0.618 levels
So fasten your seat belts as 3rd waves are normally pretty steep and faster :)
This is just my view and not a trade recommendation...
Manappuram Finance - Can it become 3X again?Manappuram Fin is trading near a key trendline support. Stock has always become 2.5X to 3X after taking support on this trendline. Positive on the stock. Any further downside will be a good opportunity to add. SL below the trendline support (only on a close below the trendline on monthly candle)
Swing trade : trendline reversal buy above 90.6 in Swing trade
SL below 81
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Is this stock getting ready for an upmove after 64% correction?The stock has corrected 64% from the top and now is showing some signs of reversal. It gave a falling wedge breakout, pulled back and now continuing the upmove.
Buy above 90.55 level for a positional target of 96.5.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Go long on Manappuramfinthe stock is at the confluence of channel bottom, pitchfork median and 161.8%..............likely target 139
Manappuram Finance Buy Upside is 45%. Fundamentally strong stock, at its prime support level/ trendline. Good time to enter
MANAPPURAM- Swing Buy#MANAPPURAM
Buy-Above 90
Sl-80
T- 120 140 160+
RR is favorable at this point. Also it is trading at weekly trendline support.
Getting ready for Bullish moveManappuram Finance is trading at the major weekly support zone.
If it sustains, can give a good bullish move.
Keep it in your radar.
(Disclaimer: For Educational Purpose Only)
MANAPPURAM is nearing primary support.MANAPPURAM is nearing primary support.
It is around 60% dip now, may bounce back around 85 taking support from Primary trend.
MANAPPURAMMANAPPURAM trading very close to weekly support trend line after showing poor results this quarter. As per technicals we can see a bounce back from this trend line support and the three upside targets as per fibonnaci retracement levels. Note : for educational purpose only.
Manappuram - Potential ReversalDeepDive - 22/05/2022
Reversal/Accumulation Zone - 75-88
SL 57
Targets 98/120
Good buy above 106 closing
Black Trendline is decider .
Personal recommendation
1. Don't buy positionally thinking its looking cheap
2. selling 110 CE and 60 PE looks to be better choice.
MANAPPURAM Near Weekly SupportWeekly support trendline is placed at 85 levels.
Double target is 90 levels.
oversold on weekly chart.
we can expect a short term rally on towards 20WMA.
BUY MANAPPURAM do not deploy more then 10% of your capital in this trade
buy it at 99 and STOPLOSS is 92 if tomorrow is a gap up more then 2% do not buy wait for the price to at the buying level.
MANAPPURAM AT DIP Vanakkam Makkale. Manappuram finance at dip,long term focus panravanga ippo enter aga try pannalam and just first 30% only.
Thank you for following!!!
NSE-MANAPPURAM Buy ideaBuying opportunity for NSE-MANAPPURAM
RSI is making a double bottom
Price has retraced down to the 400 EMA as it did in the 2020 crash
Do not take a big position and add more if the market falls further
I would suggest to take only a 25% entry
