MANAPPURAM trade ideas
Manappuram Finance Long TradeManappuram Finance is breaking out the resistance level of many months on daily time frame basis. For both trading and investing it is considered as good setup. For trading purpose we shall enter our trade at LTP with a fixed stop loss of 15 points against the target of 40 points.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
Daily dynamic zone TJK//Average Daily Range Levels - 10 day
study(title="Dynamic Zone - Daily", shorttitle=" Dynamic Zone - Daily ", overlay=true)
//dayHigh=security(tickerid, 'D', high )
OPEN=security(tickerid, 'D', open)
//ADR L
dayrange=(high - low)
r1 = security(tickerid, 'D', dayrange )
r2 = security(tickerid, 'D', dayrange )
r3 = security(tickerid, 'D', dayrange )
r4= security(tickerid, 'D', dayrange )
r5= security(tickerid, 'D', dayrange )
r6 = security(tickerid, 'D', dayrange )
r7 = security(tickerid, 'D', dayrange )
r8 = security(tickerid, 'D', dayrange )
r9= security(tickerid, 'D', dayrange )
r10= security(tickerid, 'D', dayrange )
adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10
adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
adr_6 = (r1+r2+r3+r4+r5+r6) /6
adr_5 = (r1+r2+r3+r4+r5) /5
adr_4 = (r1+r2+r3+r4) /4
adr_3 = (r1+r2+r3) /3
adr_2= (r1+r2)/2
adr_1 = r1
//plot
adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR High10",style=circles,color=red,linewidth=2)
adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles, color=green,linewidth=2)
//adrhigh9=plot((OPEN+(adr_9/2)) , title="ADR High9",style=circles,color=red,linewidth=2)
//adrlow9=plot((OPEN-(adr_9/2)), title="ADR LOW9",style=circles, color=green,linewidth=2)
//adrhigh8=plot((OPEN+(adr_8/2)) , title="ADR High8",style=circles,color=red,linewidth=2)
//adrlow8=plot((OPEN-(adr_8/2)), title="ADR LOW8",style=circles, color=green,linewidth=2)
//adrhigh7=plot((OPEN+(adr_7/2)) , title="ADR High7",style=circles,color=red,linewidth=2)
//adrlow7=plot((OPEN-(adr_7/2)), title="ADR LOW7",style=circles, color=green,linewidth=2)
//adrhigh6=plot((OPEN+(adr_6/2)) , title="ADR High6",style=circles,color=red,linewidth=2)
//adrlow6=plot((OPEN-(adr_6/2)), title="ADR LOW6",style=circles, color=green,linewidth=2)
adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR High5",style=circles,color=red,linewidth=2)
adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles, color=green,linewidth=2)
//adrhigh4=plot((OPEN+(adr_4/2)) , title="ADR High4",style=circles,color=red,linewidth=2)
//adrlow4=plot((OPEN-(adr_4/2)), title="ADR LOW4",style=circles, color=green,linewidth=2)
//adrhigh3=plot((OPEN+(adr_3/2)) , title="ADR High3",style=circles,color=red,linewidth=2)
//adrlow3=plot((OPEN-(adr_3/2)), title="ADR LOW3",style=circles, color=green,linewidth=2)
//adrhigh2=plot((OPEN+(adr_2/2)) , title="ADR High2",style=circles,color=red,linewidth=2)
//adrlow2=plot((OPEN-(adr_2/2)), title="ADR LOW2",style=circles, color=green,linewidth=2)
//adrhigh1=plot((OPEN+(adr_1/2)) , title="ADR High1",style=circles,color=red,linewidth=2)
//adrlow1=plot((OPEN-(adr_1/2)), title="ADR LOW1",style=circles, color=green,linewidth=2)
fill(adrlow10,adrlow5,color=lime)
fill(adrhigh10,adrhigh5,color=maroon)
//fill(adrlow2,adrlow9,color=lime)
//fill(adrhigh2,adrhigh9,color=maroon)
//fill(adrlow3,adrlow8,color=lime)
//fill(adrhigh3,adrhigh8,color=maroon)
//fill(adrlow4,adrlow7,color=lime)
//fill(adrhigh4,adrhigh7,color=maroon)
//fill(adrlow6,adrlow2,color=lime)
//fill(adrhigh6,adrhigh2,color=maroon)