Manappuram near multi-week resisatanceThe stock has formed a rounding base on daily TF. And now it is near multi-week resistance.
Once it give a sustainable breakout it can give huge returns.
Keep an eye!
Keep supporting! Keep earning!
MANAPPURAM trade ideas
Buy Manappuram Target - 220
SL - 175
P.S: Trade at your own risk.
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Find Your Set Up* Good chart set up always attractive but only thing matter is your skill of trading and your trading set up .
MANAPPURAM FINANCE--> On important resistance level The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Short Term Opportunity in Manappuram Finance
Manappuram Finance has broken the Long Term Trend Line and has also retraced. It is making bullish moves with Higher Highs and Higher Lows for the past few sessions.
The bottom Trend Line is also providing a good support to take the price higher towards ATH.
There is also a strong resistance at 168-170 from where the price has been rejected a few of times.
If the price manages to break this zone then it could be a race to a target of 183.70 and then to ATH.
Keep on your radar.
Cup is about to completebullish pattern will get complete around 182 levels.
see for price action whether a breakput or handle correction forms.
Cup depth approx 40
ManappuramBuy Manappuram at CMP 168.3
Tgts 179/182
Positional Medium Term Trade
SL as per risk
@nchitteti
Manappuram breakout After the 170 resistance was broken, next resistance is seen at 173.5 which if breaks, we can see 175/178 soon. Since trend is positive, possible move on upside is expected.
Manappuram on Daily Chart seems ready for breakout!NSE:MANAPPURAM potentially making a Cup and Handle pattern in Daily time frame
manappuramcan buy this, with SL of 165, for min target of 200, RSI positive above 60, Golden cross over, closed above 61.8% of previous fall and rising volumes.
Please consult your financial advisor before investing, this is just educational chart
MANAPPURAMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Breakout in MANNAPURAM FINANCE
Stock has given a small breakout today both on DAILY and WEEKLY charts.
Closed above previous week's high
Trading above 9 EMA; Moving Average crossover; 50 above 100 is giving a BUY signal
Fundamentally strong stock, can also hold for medium and long term
BofA initiated a BUY on this
**These are my personal observation, I have the right to be wrong**
Feedbacks are welcome.
fresh entry + existing trade updatestay long in entered
fresh buy above 164.5
stop for fresh entry - 159.5
stop for positional - 156
disclaimer - trade @ own risk
