MANAPURAM DAILY TREND ANALYSIS NSE:MANAPPURAM MANAPURAM DAILY TREND ANALYSIS . Good investment opportunities , when get chance FOR entry go Long. Accumulate in small quantities, GOOD SUPPORTS CAN BE EXPECTED @132.50, 123.
MANAPPURAM trade ideas
Upwards movement After Breakaway : 159.5Breakaway above 159.5
TGT - 162 / 171 / 182 / 192
Support Around 153 / 142
As gold prices move upwards , This stock will fly.
Mannapuram Finance "Short" (For educational purpose only)For educational Purpose Only. Trade at your own Risk!
Buying Triangle BreakoutLong Manappuram Finance
Entry 156
Stop-loss 149
Target - Minimum Target Price 187
Risk Reward 1:4.6
Manappuram Range trade - Either upside or downside target of 10%It is trading in a range and therefore breakout on the either side will mean a move of approx. 10%
target on the upside : approx. 185
target on the downside : approx. 135
inverse head and shoulder pattern and long above 142 levelsWe see a strong support level at 149 levels which coincides with 200 day moving average just below it at 142.
149 level also coincides with 61.8% fibbonaci level where we see strong support at 146 levels an this level acted as resistance last year June.
If it holds these levels than there is a good change that it could bounce back these levels else it could break down and slide downwards towards 115 levels i.e is if the markets crack and if the sector is weak.
manappuramElliot wave formation with top head and shoulder .
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it is making 8th wave according to Elliot wave theory
sell @145
target will be our next support which is 135
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PLSS LIKE AND COOMENT IF I AM RIGHT.
THANKS
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Manappuram (Elliot wave )now in 8th wave of Elliot and made ahead and shoulder pattern at top .
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if it breaches itss neck line @ 145
then sell it below 145 for target - 135 which if next support for manappuran
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channel breakoutafter channel breakout price is retesting channel lower line
first indiction of trend change
MANAPPURAM FINANCE SWING ALERT!!NSE:MANAPPURAM
A break above 159 can confirm targets of 164/169 for short term
Short ManappuramManappuram May go down to 152 levels within 1 to 2 days.
Reason 1 : NR4 condition satisfying
Reason 2 : Trend is Down
Reason 3: Major Trend line broken ( daily trend line from june onwards)
Reason 4: No nearby weekly/monthly supports on downside
Reason 5: 20 EMA 50 EMA crossing probability
For Educational Purpose and not a reccomendation. Do your Analysis.
Thank you. If u made a profit pls follow me.
Technical trend and major support and resistance levelsRed lines indicate resistance and green lines are indicative of support.
I recommand buying at the support levels since the funtamentals look strong. It will likely hit 176 ranges at the next spike before any consolidation.
MANAPPURAM FINANCE AT 158 TGT 175MANAPPURAM FINANCE IS A LEADING GOLD LOAN COMPANY DOING GOOD BUSINESS DURING THE PERIOD DUE TO HIGH GOLD PRICE AND THEIR ONLINE GOLD LOAN MODEL IS NOT AFFECTING BUSINESS MUCH.
MANAPPURAMThe Stock has been under Consolidation in a Small Range, Any breakout from the range can test the recent high of 180 keeping as short term Target and 146 as Stoploss.
The Risk to Reward seems to be very favorable.
