MANAPPURAM FINANCE LTD
Short
Updated

MANAPPURAM- TAKE PROFIT EITHER SIDE

73
I have a mixed feeling regarding the stock for now
but it is still in retracement phase
buy if above 115 for 117-119 targets
short if below 114 for 111-104 targets
as for now NBFC sector is not playing well we may see still more correction in the stock
Fibonacci yearly golden ration 1.618 is playing a main role for the second time at 115.05 level
if it cannot hold then retracement continues towards down.
All the best
Trade closed: target reached
Uptrend target reached and downtrend stoploss hit.

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