MANAPPURAM trade ideas
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
Trade After Breakout on Either SideA proper Triangle formation, trade on either sides only after a breakout
MANAPURRAM symmetric triangle breakout!Manapurram may break out from the 1 yr long symmetric triangle formation. Buy if closed above 181 with good bullish candle with considerable spike in volumes for confirmation.
Manappuram Parallel Channel Breakout PossibleManappuram is forming a parallel channel and is going to face heavy resistance around 180 zone, because it is also forming an ascending triangle pattern in 1W timeframe, the red line below is showing great support thus breakout is hard to occur, breakout possible. Current targets 180,200. SL is the bottom red line
Positional Trade Pattern completed recently and indicator shows consolidation is over and now ready to go up
MANAPPURAM UPMOVE INCOMING Stock takes support at 100EMA. Bought at 171.45, Target is the length of previous consolidation zone. Please do the analysis yourself before trading.
MANAPPURAMNSE:MANAPPURAM
MANAPPURAM : CMP 170.20
RESISTANCE 180.60
SUPPORT 162.80
#ASCENDINGPATTERN
RANGE BOUND LEVEL 180-163
TREND WEAK BELOW 160 LEVEL
POSITIONAL TARGET 195 - 210
#Trading Inside Bearish Candle Range
MANAPPURAMMANAPPURAM Weekly RSI close above 55 + daily RSI > Weekly RSI + Daily ADX > 25, Momentum may be continuous from here.
exit - Close below EMA_34 or Daily RSI close below 45 or Daily ADX close below 25.
MANAPPURAM Finance Trading SetupGood sideways price action below the current price which should act as a support.
Buy manappuram FinanceBuy manappuram Finance if it holds 172-174 Zone Stoploss 167 Target Previous Swing high 180 and 185
Study: Stock is trading at Cup & Handle Retest area + Previous Supply zone can be act as a Demand Zone i.e 172-174 area
All Levels are on Closing Basis
