MANAPPURAM trade ideas
Manappuram a good buy for next 2-4 months for target of 146-150A Good Breakout from Cup & handle Pattern, Now retesting Going on, Buy Range of 132-128, for target of 146-150, stop loss 112, Holding time frame 3 months.
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.
Manapurram : Will it be shower of Gold ?Buy Manapurram Finance in dip at 136 and 132 with stop loss below 125 for target 155-168. It has closed above life time high with huge volumes . MACD is positive with short term is well above mid term average. 126-128 is major support zone. Moving averages are also showing bullish momentum in short term.
Long Term Investment in ManappuramStock gives a breakout above 130 in weekly closing basis. Perfect for the long term investment with SL: 124 on a closing basis with a target of 150.
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#manappuram ready to break life high @in_tradingviewNSE:MANAPPURAM
Closing above 135 is imp
Only for Study Purpose
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.
ManappuramBe cautious..below 117 it could have a sharp fall..Only short below 117.
ps: Sure shot short trade below 114.
Manappuram finance in major uptrendVery good financials. Near all time high of 130. If it is able to break 130 then will continue in its uptrend.
Compounded Sales Growth
5 Years: 83.34%
3 Years: 19.86%
TTM: 14.23%
Compounded Profit Growth
5 Years: 86.63%
3 Years: 35.29%
TTM: 22.00%
Return on Equity
5 Years: 17.18%
3 Years: 19.02%
Last Year: 18.63%
MANAPPURAM Flag Breakout Expected MANAPPURAM is moving in an upward channel and has been consolidating after a good bullish move with good volume , breakout from flag expected tomorrow . Can go long once it closes above the flag , Stop loss for 124.5 and targets for 130 and then expecting a new higher high .
Manappuram at resistance level, keep it in watch list.Manappuram finance is at crucial resistance level. Keep an eye on it.
Long On Manappuram Finance#positional #Investment
Buy Manappuram Finance Ltd
Cmp ₹128
SL ₹112
Tgt ₹135/142
Reason:
Long build up was seen on Fut. Todays's OI surged 26%
And a breakout can bee seen above ₹127
