MANAPPURAM FINANCE LTDPembelian
Turning Bullish: Manappuram Finance Ltd.
Manappuram Finance Ltd. has been trading within a tight range in a BOX PATTERN for the past couple of weeks.
Yesterday, there was a clear and significant break in the box pattern.
The stock took strong support on 20 EMA (Black Line).
Resistance levels: 176, 187, 203, 214, 228.
For confirming the bullish trend, 20 EMA (Black Line) has to trade above 50 EMA (Orange line) in the weekly closing.
The upside potential is optimum and the downside risk is minimal.
Yesterday, there was a clear and significant break in the box pattern.
The stock took strong support on 20 EMA (Black Line).
Resistance levels: 176, 187, 203, 214, 228.
For confirming the bullish trend, 20 EMA (Black Line) has to trade above 50 EMA (Orange line) in the weekly closing.
The upside potential is optimum and the downside risk is minimal.
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