Follow on twitter/telegram @piyushrawtani for live trading ideas.
MANAPPURAM has broken out of a cup and handle and created all time highs with good buying . Can go long at pullback with SL 131 and targets of 160 and 175
Follow on twitter/telegram @piyushrawtani for live trading ideas.
MANAPPURAM after forming all time highs has broken out of a wedge flag and expected to test highs of 170-175 levels.
Can go long on dips with SL 149 .
STBT TRADE IN MANAPURRAM FIN DEC (FUT)
VIEW
-AFTER A EXTENDED RALLY AND CORRECTION THE STOCK HAS LOST MOMENTUM FOR FURTHER GAIN
-STRONG SUPPORT BROKEN
-SUPPORT-TURN-RESISTANCE
TRADE VIEW
DEC FUT
SHORT @159.5
STOP@161
TARGET @156.5
QTY:6000
LOT:1
Key Levels for MANAPPURAM FINANCEare : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~162
First Target~163.20
Interim Resistance~164.55
Final Resistance~165.90
**Lower Levels**
Lower Breakout~158.70
First Target~157.40
Interim Support~154.70
Final Support~145.15
Please trade with caution and consult your financial adviser before trading....
STBT IN MANAPPURAM FINANCE
VIEW
:-DARK CLOUD COVER
:-RSI OB ZONE
:-PROFIT TAKING ON THE CARDS
TRADE IN 28TH NOV FUTURE CONTRACT
SHORT @171.5
STOP @173.5
TARGET @168.25
LOT:6000
QTY:1
MANNAPURAM FINANCE is Showing a Bullish Trend forming an INVERTED HEAD & SHOULDER Chart Pattern.
Although the Study is Delayed by a few days. There is still some money to be made here.
Target : Rs. 176
Stop Loss : Rs. 164
Always Remember TWO Points in Share Market.
1. ALWAYS PUT STOP LOSS TO PROTECT YOUR CAPITAL.
2. ALWAYS REMEMBER Point No.1.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in...
Things that bulls who are already riding on profits can do now:
1.a) Hold with a save profit at 132 if you want to preserve your profit and let the profits run and keep trailing your save profit order higher and higher with every bullish move.
1.b) Book partial profit at logical targets 163(CMP)-180-205-250 based on Fib extension with a save profit at 132 if...
On the daily chart stock price has formed "CUP & HANDLE " pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near...
Manappuram Finance Limited is a non-banking financial company (NBFC). The Company is engaged in offering gold loans, microfinance, housing loans and commercial vehicle loans. The Company operates in financing segment. Its geographical segment includes domestic. Its activities include Gold Loan/Loan Against Gold, Money Transfer, Domestic Money Transfer, Foreign Exchange, SME & Loan Against Property, Depository Services and Commercial Vehicle Loans. It provides loans against property to self employed professionals/non professionals and individuals/proprietorship, partnership and limited companies. It provides Commercial Vehicle Loans to first time users/buyers, captive customers, fleet owners, individuals/proprietorship, partnership and limited companies, and schools and colleges. Its securities available for Dematerialization (Demat) include equity shares, debt instruments, such as bonds and debentures (NCD) government securities, and mutual fund units.
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MANAPPURAM
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