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)
MANAPPURAM trade ideas
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
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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- TAKE PROFIT EITHER SIDEI 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