MANAPPURAM trade ideas
Manappuram Finance - 18 Points in 12 daysManappuram moves upward with good support.
Currently, we can notice that it is in uptrend from its support level of 175.
The price can move further up to 198 in 12 days time frame and then have a resistance to move further.
Call for buying Manappuram at 180 and sell as soon as it hits 198 ( Max time frame 12 days)
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MANAPPURAM FINANCE is always a little tricky ? BUY TIME !BUY between 171-173 on green candle closing basis
STOPLOSS at 167
TARGET 1: 180
TARGET 2: 185
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Manappuram..resistanceManappuram formed a dark cloud over few days back and then tried crossing the level but couldnt.
and today forms more or less a bearish engulfing candle.
buy above 180 for 185 188 190 or short below todays low.. for 172 170
MANAPPURAM, Idea for Profit 27-Dec 2019MANAPPURAM has given breakout from 1 week trendline. It has been trading close to its high for few days (consolidating). If it crosses 174 tomorrow in morning 15 mins, will push for new high. Should be in your watchlist for tomorrow.
INTRADAY - BEARISH -MANAPPURAMcould not cross fib resistance, may take the nearest support
levels mentioned on the chart
STBT TRADE IN MANAPURRAM FIN DEC (FUT)STBT TRADE IN MANAPURRAM FIN DEC (FUT)
VIEW
-AFTER A EXTENDED RALLY AND CORRECTION THE STOCK HAS LOST MOMENTUM FOR FURTHER GAIN
-STRONG SUPPORT BROKEN
-SUPPORT-TURN-RESISTANCE
TRADE VIEW
DEC FUT
SHORT @159.5
STOP@161
TARGET @156.5
QTY:6000
LOT:1
Manappuram.. trendline storyHow trendlines help in finding support resistance.
just a study for referance
