🚀 Manappuram Finance: Long-Term Breakout Alert! 🚀
🔹 CMP: ₹230 | Stop Loss: ₹170 | Target: ₹290 | ₹372
🔍 Why Manappuram Looks Promising?
🔄 Technical Breakout:
A rounding bottom (or cup-and-handle) breakout with a well-defined base formation—indicating potential long-term upside.
📊 Accumulation Opportunity:
As the breakout occurs, retests may follow—offering an ideal opportunity for staggered accumulation. Long-term investors can accumulate on dips for better risk-reward.
📈 Target Calculation:
📏 Pattern Depth Approach: Targets are derived from the depth of the rounding bottom or cup-and-handle pattern.
📊 Fibonacci Validation:
✅ Retracement Levels (Stop Loss Zones): ₹138 & ₹230
✅ Extension Levels (Price Targets): ₹81.5, ₹230 & ₹138
📌 Pro Tip: Plot these Fibonacci levels yourself to build conviction and sharpen your analysis.
📉 Risk Management:
Stop loss is carefully aligned with Fibonacci retracement to minimize downside risk.
Follow strict position sizing to safeguard capital—especially in volatile market conditions.
⚠️ Caution: Market conditions can shift quickly—adjust your position size based on your risk tolerance and trading plan.
📍 Outlook:
With a confirmed breakout and strong technical alignment, Manappuram Finance offers a high-probability swing trade for long-term investors.
📣 What are your thoughts on this breakout? Share your views in the comments!
📅 Follow for more technical insights and market updates.
📈 #ManappuramFinance #BreakoutAlert #TechnicalAnalysis #SwingTrading #InvestmentOpportunity
📉 Disclaimer: As a non-SEBI registered analyst, I encourage you to conduct independent research or consult a financial professional before making investment decisions.
🔹 CMP: ₹230 | Stop Loss: ₹170 | Target: ₹290 | ₹372
🔍 Why Manappuram Looks Promising?
🔄 Technical Breakout:
A rounding bottom (or cup-and-handle) breakout with a well-defined base formation—indicating potential long-term upside.
📊 Accumulation Opportunity:
As the breakout occurs, retests may follow—offering an ideal opportunity for staggered accumulation. Long-term investors can accumulate on dips for better risk-reward.
📈 Target Calculation:
📏 Pattern Depth Approach: Targets are derived from the depth of the rounding bottom or cup-and-handle pattern.
📊 Fibonacci Validation:
✅ Retracement Levels (Stop Loss Zones): ₹138 & ₹230
✅ Extension Levels (Price Targets): ₹81.5, ₹230 & ₹138
📌 Pro Tip: Plot these Fibonacci levels yourself to build conviction and sharpen your analysis.
📉 Risk Management:
Stop loss is carefully aligned with Fibonacci retracement to minimize downside risk.
Follow strict position sizing to safeguard capital—especially in volatile market conditions.
⚠️ Caution: Market conditions can shift quickly—adjust your position size based on your risk tolerance and trading plan.
📍 Outlook:
With a confirmed breakout and strong technical alignment, Manappuram Finance offers a high-probability swing trade for long-term investors.
📣 What are your thoughts on this breakout? Share your views in the comments!
📅 Follow for more technical insights and market updates.
📈 #ManappuramFinance #BreakoutAlert #TechnicalAnalysis #SwingTrading #InvestmentOpportunity
📉 Disclaimer: As a non-SEBI registered analyst, I encourage you to conduct independent research or consult a financial professional before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.