Positional Setup for Manappuram Finance Ltd (NSE)
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
AXIS BANK - FOR SWING TRADEOn a weekly time frame price has given a curve line breakout and currently price is in a range .
Previous week a Pin bar candle has formed in it's Fib 50% level which is also a good support area.
Current price is 1219
This week price can give us a good upside move, if not then price will be in the same range.
SKIPPER IS LOOKING TO BOUNCERelative Strength looks poised to breakout. Stock has been consolidating after a good run, looking to take the lead again. Some good candles coming in today along with strong volume. Bullish Engulfing candles are always a sight for the sore eyes. Will be eyeing this closely over the next few months.
VEDANTA LTD KEY ZONE..This is the 1 hour chart of VEDL.
VEDL is currently trading near its pattern (Broadening) resistance zone in the 462–465 range.
The stock is trading with in a channel, with its support zone in the 440–445 and resistance zone 485-495 range on the hourly chart.
If this level is sustain,we may see higher prices in VEDL
If VEDL breaks below its support zone, we may see lower levels around 415-405 range .
THANK YOU !!