Manappuram can give a 5-6% kinda jump from here?Manappuram can give a 5-6% kinda jump from here?
Buy CMP 106.9
T1 : 112
MANAPPURAM trade ideas
#Manappuram Ascending Triangle BreakoutManappuram: #Ascending Triangle Breakout#Rise in Volumes,#Good Risk Reward
Buy Manappuram above @ 108 & add further above 112 stop below 98 Targets 140-155
Manappuram :: Good Chart StructureManappuram if closes above 111.05 on a daily basis is poised for higher levels. The Stop can be considered below 104.70 levels only if the first condition of 111.05 on a closing basis is met .
MANAPPURAM FINANCE LONGManappuram has shown Three White Soldiers pattern of candlesticks. If on 4th September 2017, it crosses and closes above the crucial resistance of 104, a Long position can be considered with a target of 109-110 and closing basis stop loss of 102.
Manappuram is a sell for 75 MANAPPURAM is a sell for 75 , stop above 93 . Yesterday closed below 200 dma ,failed to rise .
Bearish 5-0 Pattern with reciprocal AB=CD Explained in chart. SL= 102-105 according to risk preference. Trade after 9.30 because initial breakout might be upward and then fall.
Manapurram is A sell for Sl of 105 in spot Manapurram is a sell for Sl of 105 in spot tgt of 92/88 .
Mannappuram Long or short both are possible I am looking two different possibility in this stock
01)I am looking stock is at the tip of its all time high and its possible it will brake out and go side ways , then brake the Low TL and take off for new high.
02) The stock can hit back to test the low and then take off in single impulsive move or can even brake the intervening low and visit the long term low then turn
both things are possible , i will wait the brake on either side and go side ways before heading next way
Regards
MANAPPURAM : CHECKING BREAKOUT..Last week Manappuram Broke out of its Weekly resistance levels & started trading in the Nortward Channel.
Since Monday it tested if resistance has turned to support..?
Today if it closes above 160, the new support has been held & higher prices can be expected.
Also the Stochastic has been fairly resilient towards not moving below 50, a typical sign of a stock in trend reacting to ocillators.
Secondary logic is that since Nifty is adamantly moving Higher & Higher, the VIX is going to increase as fear grips traders while Investors are starved of value buying.
What safe heaven can be better than a stock that lends against gold..? Which would appreciate even if the Index was to consolidate or correct itself.
I think it is a good trade as well as an investment pick from a mid term perspective.
Buy for Targets of 114, keep a SL at 102.
Happy Trading..!
Manappuram Finance- Good Positional BuyThe stock gave a breakout a few days back with good volumes. Presently it is retesting the breakout levels. It is good buy above yesterday's high around 106 with a stop loss of 100 and a target of 125 - 130.
Manappuram Finance :: Breakout BuyBuy at CMP with a Stop at 105 and first target at 127.Cup and Handle Formation has been formed .
Think Manappuram in Band moving UP!Think it will remain in band till the results come out and then depending on the result will give breakout up or down.
Manappuram Is set for 150/170MANAPPURAM Is set for 150/170 , Ascending Triangle bREAKOUT , with surged volumes and A flag breakout too . Saw Huge accumlation in the stock ,when last time it dipped from 105.
MANAPPURAM FINANCE LONGSo there was a cup and handle pattern which didn't give a breakout.Now price has been in an ascending triangle and has given a breakout.First target would 105.5-106 and if we get a breakout from that zone then much higher targets of around 120-130.
Personally i'm bullish on NBFC's so this would be a good pick.
Manappuram poised for a big move?Manappuram is about to test resistance zone of 106-107 and if crosses this time, can give quick and big move. watch out.
manappurampossible c&h pattern setup
buy for 106
breakout above 106 can lead stock all the way to 150
MANAPPURAM DAILY CHARTManappuram gave Flag breakout with Huge Volume
I am expecting 110 in the short term..!!
- Naren Kadam (Certified Research Analyst)
