Ready for second move.?
unfortunately i am not able to capture the first rally of this stock but i am not going to miss second one.
SL 60 build the proper position sizing in this stock as it move according as predicted.
Manappuram has formed a pennant pattern on daily charts which is a continuation pattern. In this case the previous trend is negative and hence one could expect a further fall in this name. Target Rs 45, stop loss 78.
Manappuram has given a cup and handle breakout on the hourly charts with decent volumes on the last few candles preceeding the breakout. Looks for a century and beyond now.
