Manappuram has given trendline breakout on 12th july and after a successful retest of trendline is now looking ready to blast.
Today it has also broken its ATH of 194.8 made on 29th January 2020 with heavy volumes after the retest.
RSI has a steep upward curve which shows bullish momentum might continue.
Stoploss might be kept below trendline at around 175-177 with targets of 230,250++.
This is my personal opinion based on my analysis and it is just for educational purpose.
Today it has also broken its ATH of 194.8 made on 29th January 2020 with heavy volumes after the retest.
RSI has a steep upward curve which shows bullish momentum might continue.
Stoploss might be kept below trendline at around 175-177 with targets of 230,250++.
This is my personal opinion based on my analysis and it is just for educational purpose.