Manapuram Finance breakoutManapuram Finance on verge of a breakout from a previous resistance on weekly. however daily has bearish momentum divergence also which may bring some retracement.
MANAPPURAM trade ideas
[ Positional ] MANAPPURAM Long Betr : R ratio is 1 : 2
Rest as per CHarts
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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MANAPPURAM - Price and Trend SetupStock has gained strength as compared to BSE SMALL CAP Index and near previous resistance zone. Breakout could lead to new rally in stock.
Mannapuram Cmp 209.50 dated 27.7.2021Mannapuram Cmp 209.50 dated 27.7.2021
1. Rounding Pattern Bo @ 185.
2. Rectangle Box Consolidation BO @ 185.
3. Very High Volumes.
Buy for a tgt of 230 SL 200
It is just a view, pls trade at your own risk.
Manappuram Finance Breakout! NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
MANAPPURAM BUY SETUPShort term view Manappuram fin Buy zone 184-182 with sl 180 for the targets of 190/195/200/205 disclaimer:
Manappuram expecting a good bounceManappuram expecting a good bounce
buy now or near 140 135
SL 125
T 160 180 above 190 can co to 250
Monthly Breakout & Target 1 is ON (16%) 232- Monthly Breakout and Great support also at 176 as a monthly.
- Next Target is 232 (16%)
- Day basis reversal candle
Manappuram: Multiple Top BreakoutStop Loss:182
Targets as mentioned in the charts, designated by green lines
#TradeTheTrend#TechnicalPick
Manappuram Finance looking very bullishManappuram has given trendline breakout on 12th july and after a successful retest of trendline is now looking ready to blast.
Today it has also broken its ATH of 194.8 made on 29th January 2020 with heavy volumes after the retest.
RSI has a steep upward curve which shows bullish momentum might continue.
Stoploss might be kept below trendline at around 175-177 with targets of 230,250++.
This is my personal opinion based on my analysis and it is just for educational purpose.
MANAPPURAM intraday trade idea for 20th July#MANAPPURAM entry and exit levels on the chart (refer black/blue lines). Place SL@0.8% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter.
MANAPURAM FINANCE ANALYSIS 19.07.2021BUY : 186 TO 179 ( 174 )
TARGET : 284
LONG TEARM TARGET : 317
Reason For Buying This Script :
After a long term consolidation now it has broken the down trend line in weekly time frame & also closed above the trend line in weekly time frame ,
Now it may take some retest moment up to 179 to 174 . This script turned to up trend don't miss this opportunity .
In monthly time frame it is forming ELLIOTE WAVE .
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
MANAPPURAM Intraday ViewMNAPPURAM is trading in a wedge pattern . And has come to the narrow range. The range has to break now.
MANAPPURAM ON BULLISH BREAKOUT | TARGET 265MANAPPURAM BUY ABOVE 187.50 ONCE DAY CANDLE CLOSE TARGET 1>> 221.50 / TARGET 2>>265.50, WITH STOP LOSS OF HOURLY CANDLE CLOSE BELOW 172.50
