MANAPPURAM trade ideas
MANAPPURAMMANAPPURAM
The company LTP is less than its intrinsic value and enter @ 155 level and can exit@ 3-4% booking profit
Stop loss @ 1%
MANAPURRAM FINANCEWATCH OUT FOR THE SUPPORT LEVELS, THESE WOULD BE KEYS LEVELS FROM WHERE TREND CAN CONTINUE OR CHANGE.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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#MANAPPURAM #FINANCE #EQUITY #STOCK #LOAN #INTEREST #DERIVATIVES#MANAPPURAM
Manappuram Finance Ltd.
CMP: 156.65
Target: 165 / 177
SL: 152
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MANAPPURAM Buy if hourly candle sustains above 165Strong support seen at 158 levels, it that is broken on closing basis, further downside possible.
Buy only above 165 for target of 175/180++
Surge of NBFCsRSI Divergence found in Manappuram Finance Ltd in weekly charts.
People may not prefer Baning Finance, another side effect of Covid-19 Quarantine.
MANAPPURAM FINANCEChart is self explanatory.
After a rally from 151 to 184 time for a minor correction to around 171. This is also supported by an overbought RSI.
From there a new rally towards 196 will resume if markets remain positive.
Mannapuram Finance Is In Trendline Support1. There is a huge Selling in last two days so the stock can go up respecting the trendline .
2. but if the price cross 154 with confirmation on hourly candle , short positions can be initiated.
MANAPPURAM Finance form the Bearish Harami cross#MANAPPURAM finance form the Bearish Harami cross after a strong uptrend. All indicator on overbought zone while stock face resistance from 3rd Feb 2020 level and closed below.
Showing Overbought result in Technical Parameter:
CCI is Overbought zone
RSI is Overbought zone
William %R is Overbought zone
Stoch is Overbought zone
New short
Bearish Harami cross
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Support : 170 & 160
Breakdown : 175
LTP : 179.75
Breakout : 180
Long Target : 185 & 190
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Positive & Negative Point:
1) Very Bullish in Daily/Weekly/Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
MANAPURRAM FINANCENSE:MANAPPURAM
It has tried to overcome its match high's of 182, if it cross 182 and sustains, then play for 184.50, 187 & 190
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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