MANNAPURAM FINANCE MANNAPURAM FINANCE -
A breakout above Point B has invited an upside target till 2 point D's
One must maintain a SL at 108 on weekly closing basis.
MANAPPURAM trade ideas
MANAPPURAMNSE:MANAPPURAM
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
MANAPPURAM FINANCEFrom the last 2 years it is facing Resistance at 126 level and now it is trading at this zone> If this stock gives breakout of 126 zone then We can enter for short term gain with a small stoploss. and if this stock start trade below 117 level we can start short this stock with a small stoploss.
Manappuram Is In Trendline SupportManappuram is in long term trendline. It has fallen and come down, it is currently in trendline support. It is a good stock for long term buying. Though it is not going to go back to its old range of 200 to 220, it will give a minimum bounce back of 30-40 in the long term. Kept it in the watchlist. If it closes above 96, it will give a bounce.
MANAPPURAM FINANCE LTD - Crossover Trade📊 Script: MANAPPURAM (MANAPPURAM FINANCE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP / NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 116.65
🟢 Target 🎯🏆 - 138
⚠️ Stoploss ☠️🚫 - 106
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
UPDATE ON MANAPPURAM!!previous analysis is in the link section.
just here for a reupload of my analysis, and a update on it, that the waves which i had drawn are going perfectly.
today as on 12th of October, manappuram have given a breakout, and went above 5%.
great stock to buy, good with fundamentals, business model, and sales are surely to increase.
good movement is gonna come and one can earn about 94%.
MANAPPURAM levels, and waves!!"when a stock falls in such a fast movement, it rises based on supporting its fall".
the stock is in the range of 0.618 of FIBONNACI
good time to enter to take the advantage of 3rd wave.
stock will rise from Monday onwards.
targets are mentioned.
purple line shows the actual value the stock should be trading at. so the stock is available at a lot discount. one can go on putting more money on every time, when it falls during its rising.
MANAPPURAM at a discount!!!this waves are drawn based on the stock which is at major discount and with a good fundamentals, so the waves will follow there impulsive moves based on its targets reached previously.
wave 1- a impulsve move to correct itself to reach the first level of its target
wave 3 - to reach the second target
wave 5- to reach the major trend line, to make the stock exactly priced.
wave 2&4 are the corrective waves, which makes the stock to rest running a long journey.
NOTE- wave 3 should not be shortest waves among(1,3&5)- Princles of Wave Theory
