MANAPPURAM- TAKE PROFIT EITHER SIDE
Updated
I have a mixed feeling regarding the stock for now
but it is still in retracement phase
buy if above 115 for 117-119 targets
short if below 114 for 111-104 targets
as for now NBFC sector is not playing well we may see still more correction in the stock
Fibonacci yearly golden ration 1.618 is playing a main role for the second time at 115.05 level
if it cannot hold then retracement continues towards down.
All the best
but it is still in retracement phase
buy if above 115 for 117-119 targets
short if below 114 for 111-104 targets
as for now NBFC sector is not playing well we may see still more correction in the stock
Fibonacci yearly golden ration 1.618 is playing a main role for the second time at 115.05 level
if it cannot hold then retracement continues towards down.
All the best
Trade closed: target reached
Uptrend target reached and downtrend stoploss hit.
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