Manappuram 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.
Covered 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.
I 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.
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 .
MANAPPPURAM FINANCE, WAVE 4 OF WEEKLY IMPULSE, right now it is correcting wait for this consolidation to complete then its going to rock more than 120 after testing 65 zone.
