Manappuram Long setupA long TL just broke. The clogging area near the TL indicates imminent breakout with an underlying 20-50 MA crossover.
MANAPPURAM trade ideas
NSE:MANAPPURAM Sell for 26 Oct 2018NSE:MANAPPURAM Sell initiate for 26 Oct 2018 using 30 min chart based on Fibonacci levels, check below sell level
Sell Below : 71.9
Stop Loss : 73.85
Target : 70.85
Was the fall in NBFS sudden? Look at chart &check trend changeWas the fall in NBFS sudden? Look at chart &check trend change
Manapurram Finance Bracing up for an upmoveThis stock looks to be bracing up for an upmove to give a decent Risk Reward Trade, following are the favorable conditions:
Technically:
1. multiple tested lows near 98-96 range but failed to break below
2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true
Other reasons:
1. Fundamentally a good stock with good growth rates
2. dependent on gold rate ( Gold Finance company) Gold has corrected a lot, any upmove should aid the stock in a positive way.
3. broadly independent of the index, so should chart its own course.
Manappuram Finance - Completed five waves upManappuram Finance - Seems to have completed 5 waves up. It should at least go below 85. And may even touch 50 depending on how the correctives waves play out.
Manappuram, 200 DMACovered this study several times. Price is again at 200 DMA. This proves importance of 200 DMA. Expecting that negation with 200 DMA is about to be over.
ManappuramFin, 200 DMAI covered this stock a few days back. A close study will make it clear that before every time price moved up from 200 DMA, it spent several days at and around this MA.
Manappuram, 200 DMAThe chart speaks more than words. How price responded at 200 DMA. Now again price is at 200 DMA.
Mannapuram - Good one to go longMannapuram
CMP 126.
Stop 110
Target 155 plus
Daily chart
Stock has broken out of a cup pattern with good volumes.
Bouncing off from upper cloud support on weekly chart .Bouncing off from upper cloud support on weekly chart and bullish Tenken & Kijun sen cross . One of my favorite chart set up for Long term investment .
