Manappuram - Long Term Bullish Channel MANAPPURAM in upwards channel. Expect it to run within this channel. I also see another trendline within the channel marked in blue lines. Though Manappuram sold off recently due to bad results, long term trend is bullish , as gold prices will shoot up high in 2022 due to Inflation across the world and currency devaluation. If it breaks out above the channel, expect a major blast in upwards, target 350-400 in 12-18 months.
MANAPPURAM trade ideas
Manappuram Finance Long TradeManappuram Finance is breaking out the resistance level of many months on daily time frame basis. For both trading and investing it is considered as good setup. For trading purpose we shall enter our trade at LTP with a fixed stop loss of 15 points against the target of 40 points.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)