MANAPPURAM | Breakout from channel - Looks good for 10%MANAPPURAM | Breakout from channel - Looks good for 10% - RSI breakout happening aswell
CMP : 179
SL : 170
Target : 195 or Open
MANAPPURAM trade ideas
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.
MANAPPURAM trading levels for 01.02.201levels mentioned in the chart.
postive result published.expecting result based movements.
watch it this weeek.
MANAPPURAM FINANCE - CNH - RK23MANAPPURAM FINANCE - CNH - RK23
07 JAN 2021
CMP 176.75
If price sustains above Trendline and 180, Buy
SL 155
TGT 191 / 220
Trail your SL if the trade goes in favor.
For learning purpose only.
Manappuram | Cup & Handle Pattern 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =170 or CMP
--Target = 187 | 209
--Stop-loss = 159
--Lot Size = 6000
--R:R = 3.61
--Expected Profit = 2,28,000₹ per lot ( 22% )
--Expected Holding = 3-6 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Cup & handle formation
2) Volume is good at the time breakout
3) fundamental is also good ( Check Once More )
4) Refer Chart for more
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✍COMMENT Below your view !
Bullish RSI Divergence in MANAPPURAM for Target of 177.50+Seen bullish RSI divergence in MANAPPURAM as well as its breakout neckline of the double bottom pattern on the smaller time frame in today's trading session. It indicating bullish movement in stock towards the 177.50+ target.
Pennant breakout Ahead in MANAPPURAM Stock has touched multiple resistance points of upper trendline and forming higher bottoms and lower highs, expecting a breakout soon in this counter. keep this on your radar.
MANAPPURAM - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on 3H Chart of MANAPPURAM. BUY 178.10. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Manappuram Fin.Manappuram Fin. there is a possible inverted head and shoulder pattern wait for the breakout.
Trendline BO along with cup & handle formationThe stock is testing its one year old trendline and has developed a cup and handle pattern. Go long above 177.8 level
Manappuram Finance: Short term target in 1-2 monthsManappuram Finance:
Short term target in 1-2 months.
Disclaimer: This information provided here is for only educational purpose. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations. Please do research and consult with your financial advisor before taking any action.
Manappuram - Strong close above 150 - Target ATH !!!Price keeps on rejecting from 150 levels and few days before it breaks this level but unable to sustain the selling pressure which made the price to reach the previous support which in turn becomes a triple bottom pattern.
This time from the support price moves with good volume and breaks the strong resistance levels of 150 and closes above yesterday. This is a good sign of price reaching the ATH quickly as shown in the picture.
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Watchout for Resistance breakoutThe stock looks good above resistance level of 168.55. It can go to test the upper trendline.
ManapurramFinance Buy 169-164 With SL 155Manapurram Finance Best Buy 169-164 With SL 155 with Tgt1 184-187 and Tgt2 195 & above
