Manappuram at support zone it can give 50% upside currection before dipping to downside.
If support level breaks to downside then shorting opportunity first target would be 100.
Manappuram is currently trading on a trendline support, where we could also see a demand area. With their nature of business involving gold and the yellow metal gaining strong every week, it should be good news for the company with improving loan to value. Stock is a good buy right away. Least case, the script should retest 144 again.
(Disclaimer: Our charts and...
Manappuram at critical support..and at 50 dma.. break below takes it to 100 dma.. any break below can signal a top at 140s..
can test 122. sell on rise..
A Good Breakout from Cup & handle Pattern, Now retesting Going on, Buy Range of 132-128, for target of 146-150, stop loss 112, Holding time frame 3 months.
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
MANAPPURAM
