From the last 2 years it is facing Resistance at 126 level and now it is trading at this zone> If this stock gives breakout of 126 zone then We can enter for short term gain with a small stoploss. and if this stock start trade below 117 level we can start short this stock with a small stoploss.
I am Bullish on this one .. you should also buy this .. this is gonna be a Rocket 🚀🚀🚀🚀
Target and stoploss already mentioned in the chart .
Note .
ONLY FOR EDUCATIONAL PURPOSE
Manappuram is in long term trendline. It has fallen and come down, it is currently in trendline support. It is a good stock for long term buying. Though it is not going to go back to its old range of 200 to 220, it will give a minimum bounce back of 30-40 in the long term. Kept it in the watchlist. If it closes above 96, it will give a bounce.
📊 Script: MANAPPURAM (MANAPPURAM FINANCE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP / NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double...
previous analysis is in the link section.
just here for a reupload of my analysis, and a update on it, that the waves which i had drawn are going perfectly.
today as on 12th of October, manappuram have given a breakout, and went above 5%.
great stock to buy, good with fundamentals, business model, and sales are surely to increase.
good movement is gonna come...
"when a stock falls in such a fast movement, it rises based on supporting its fall".
the stock is in the range of 0.618 of FIBONNACI
good time to enter to take the advantage of 3rd wave.
stock will rise from Monday onwards.
targets are mentioned.
purple line shows the actual value the stock should be trading at. so the stock is available at a lot discount....
this waves are drawn based on the stock which is at major discount and with a good fundamentals, so the waves will follow there impulsive moves based on its targets reached previously.
wave 1- a impulsve move to correct itself to reach the first level of its target
wave 3 - to reach the second target
wave 5- to reach the major trend line, to make the stock...
Manappuram after breaking the upper trendline, took support on the trendline and looking good for an upmove. Its looking good both fundamentally and technically. Let's see where it headed.
MANAPURAM FINANCE stock is testing the trendline in weekly timeframe. We can go LONG (buy). for confirmation hammer candle is also formed. Do your research! and take position.
