From your TradingView chart:
CMP: ₹264.80
Breakout Zone: ₹245–248 (highlighted in purple)
Previous Resistance: ₹245–250 (now flipped to support)
Indicators:
Supertrend: ✅ Bullish
TEMA (5,9,20): ✅ Trending upward
Volume/Price Action: Sharp breakout candle with nearly 7% gain—strong confirmation
📈 Technical View (Positional)
Manappuram has broken out of a multi-month resistance zone after consolidation.
Strong follow-through with volume indicates strength.
It is now trading at multi-year highs, suggesting fresh upside potential.
🚀 Positional Targets:
Target 1: ₹285
Target 2: ₹305
SL (Closing Basis): ₹248
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.