Manorama on a daily timeframe is trading in a downward channel and facing resistance at the upper level. The upward movement will only come if it gives the breakout of resistance.
MANORAMA forms a potential flag pattern and gives a trading opportunity for short-term swing trading. Tight consolidation near the upper end of the flag. if it breaks on the upside it would be a trading opportunity.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be...
📈 Exciting Bullish Pattern Alert!
📊 Pattern: Rising Channel Support
📌 Symbol/Asset: MANORAMA
🔍 Description: Stock With Support Level
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum.
Entry - Above Resistance Breakout
Stop Loss - Lower Trendline.
