MANAPPURAM Daily Analysis 05 April 2020Price less than 200 DMA
RS is weak and declining.
NR candles with Low Volume.
Potential for Up move.
RSI rising too.
MANAPPURAM trade ideas
Next move I am looking strong reversal in this scrip after an sharp move down ,
One can wait for the price to tag and reverse , suppose if fails to make to that point i would probably ignore this trade and look for different set up
MANAPPURAM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MANAPPURAM - Long CallBuy MANAPPURAM above 179.40
Target1- 187
Target2- 195
SL-160
Duration - 3-6 weeks
Manappuram Finance Go LongMarket consolidation seems to be over and it broke trend line for upside movement.
Go long with the recent swing as Stop loss
Manapouram.. negative divergence.Manappuram. forming negative divergence,
sell below break of trendline..
watch out for results date before trading..
Trading near the demand zone.Looks like stock is going to correct a bit more. Look at the last volume bar.
will buy mannapuram on 186/185.50 levels , target 188/189/190.50will buy mannapuram on 186/185.50 levels , target 188/189/190.50 possible if market supports
BUY Manappuram Fin. at CMPQ3 results of manappuram finance are due shortly.
we can hope for good short term gains.
Indicators are bullish.
stop loss 180-181
Mannapuram finance: Stock have broken it's previous swing rangeMannapuram finance have broken previous swing range with volume. Looks good to build momentum long position from here.
