MANAPPURAM trade ideas
MANAPPURAM | Trying a small channel swing MANAPPURAM | Trying a small channel swing
CMP : 162
SL : 155
Target : 186
1:2+ risk reward setup
Wait consolidation to break, Good move expected.Stock is consolidating since 8 months, either side breakout can trigger big move.
Larger the consolidation more powerful it the breakout
Intraday Tradelooks good to Buy above 174.65 SL 172 Tgt 1: 177, Tgt 2: 178.45, Tgt 3: 180
Sell bellow 171.85 SL 174 Tgt 1: 169.40, Tgt 2: 166.90
Manappuram supply zone becoming weaksupply zone becoming weak .last trading session shows positive sediment.
MANAPPURAMBEEN IN RANGE AND TRYING HARD TO BREAK THE ZONE AROUND IMMEDIATE RESISTANCE LEVEL
Note:
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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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
MANAPPURAM | Quick 6% positional opportunityMANAPPURAM | Quick 6% positional opportunity
CMP : 170
SL : 167
Target : 182
1:3+ risk reward setup.
Looks for a great setupLevels mentioned in the chart.
Paper trading account and not meant for tip or call.
MANAPPURAM CAN BE THE NEXT MULTIBEGGERA cup and handle pattern has been completed and anytime soon its about to break the resistance and start the journey. only for educational purpose
long position (buy)one of the best management and very strong fundamental. very good midcap growth stock !
short term target 185,190
long term target 200,250++
support @175
Manappuram crossing important zoneClosed above long run TL today, just at a very strong resistance. Crossing and sustaining above this resistance zone can give good momentum. Keep a watch on this one.
