MANAPPURAM FINANCE NSE:​MANAPPURAM

Short with stop loss

Sell with aforesaid SL

MANAPPURAM is moving in an upward channel and has been consolidating after a good bullish move with good volume , breakout from flag expected tomorrow . Can go long once it closes above the flag , Stop loss for 124.5 and targets for 130 and then expecting a new higher high .

If MANAPPURAM closes above 129 on daily basis, Tg : 136, 143 SL : 123

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 first 5 minutes and follow ORB strategy.

It has broken weekly trendline. Next target 145

Very good financials. Near all time high of 130. If it is able to break 130 then will continue in its uptrend. Compounded Sales Growth 5 Years: 83.34% 3 Years: 19.86% TTM: 14.23% Compounded Profit Growth 5 Years: 86.63% 3 Years: 35.29% TTM: 22.00% Return on Equity 5 Years: 17.18% 3 Years: 19.02% Last Year: 18.63%

Manappuram finance is at crucial resistance level. Keep an eye on it.

#positional #Investment Buy Manappuram Finance Ltd Cmp ₹128 SL ₹112 Tgt ₹135/142 Reason: Long build up was seen on Fut. Todays's OI surged 26% And a breakout can bee seen above ₹127

entry @ 117/118 sl 111 target 160/250

3 yr average sales growth - 16% 3 yr average profit growth - 30% 3 yr average margin growth - 10% Accelerating sales, profit, and margins. Such a combination is lethal and if we have a bull market to support such conditions, this stock may go much higher from here. This stock is showing a similar fundamental story like Muthoot finance.

Sell

One might want to book longs on Manappuram as a move on the RSI indicates a move towards 110. One may sell on rise with SL of 129.5 and targets of 115/110 and eventual target of 105.3

Short with aforesaid stop loss

Manappuram Finance - Entry@125 Sales growth of 15.5% since 2015 Income growth of 38% with an average ROE of 18% I have initiated a pilot position. I will add more based upon price strength and 2019 march annual earnings guidance.

...Levels mentioned in the chart

Stock may face some resistance around 125.5 levels. On daily charts also its at strong resistance at 125-130 levels. If holding, one can book 50% of profit. Fresh buy not advisable.

Levels mentioned in the chart!