Manappuram finance stock price is at weekly demandManappuram finance stock price is at weekly demand zone whose achievement was 139 to 218 price movement. if current financial & banknifty fall stopped than it's will very good zone to buy this stock.
MANAPPURAM trade ideas
#manappuramFinance support NSE:MANAPPURAM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Extended levels, that's why stop loss quite big as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 139.55
SL :- 122 (Closing Basis)
Target 1:- 148
Target 2:- 154
Target 3:- 161 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Critical Support zoneStock at critical support zone. Can buy with minimum stoploss.
I am not sebi registered.
personal trade of mine , sharing you something intresting dont missss guyssssss / time frame is 3 to 6 months / for 30 to 50% return / applying avg method for buying /
trendline turnaround - manappuramstock falling from high following trendline support
now at verge of breakout
good to accumulate and buy
MANAPURAM On Daily Side Ways
When Daily Candle will closes above 180 then Up Trend will start
Next Target will be 215 for GAP Filling
buycycle will continue unit result day. good target 220+. good fundamental stock. keep some qty in your portfolio.
Manappuram support and resistanceBeautiful chart of Manappuram showing its support and resistance. Depending on fundamentals buy on every support
Support Zone 1 reached - Strong Bounce This caught my eye while doing my routine of finding shares at near support prices.
Very curious to see the next few candles if the bounce sustains or share price dips to trigger Support Zone 2.
Only for Educational Purposes. Not an Investment Advice.
MANAPPURAM in Demand Zone MANAPPURAM FINANCE in Daily time frame Demand Zone. Looks like a good buy around cmp in the range of 160 -165 with stoploss of 153. Targets of 174, 179,189
NSE:MANAPPURAM Why entry 5.85 ?? fib retracement !!NSE:MANAPPURAM
#NSE:MANAPPURAM 155 CE entry given @ 5.85 today.
to know why, check out the level mentioned on chart !!
0.618 - fib retracement.
Still if anyone not clear with the entry level, do ping me personally, no issues !!
[POSITIONAL] MANAPPURAM LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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#MANAPPURAM harmonic update#MANAPPURAM next updated harmonic
PRZ -164-153
Sl-151
CMP:168 @28 November 2021
good uptrend possibiltyfundamentally good stock can expect it to go back to the 200 levels in the coming months
ManappuramManappuram have completed cup & handle patterns and drifting towards its first target (179)
03/12/2021 Research Report For ManappuramDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) to Maximum 175
Target 1:- 200
Target 2:- 203
Target 3:- 206
Target 4:- 216
MANAPPURAM | Reversal from channel support - Looks good for 30%MANAPPURAM | RSI oversold + Trendline support + Gap Filling opportunity - Looks potential for 30
CMP : 172
SL : 155
Target : 210, 225
1:3 risk reward setup for second target
Price action of manappuram financePrice action of manappuram finance ..price acton is a proper method to enter in trade rather than candlestick or anything else.
