MANORAMA INDUSTRIES – Bullish Flag Setup

📈 MANORAMA INDUSTRIES – Bullish Flag Setup
Date: June 19, 2025 | Exchange: NSE | Timeframe: Daily

Manorama is consolidating in a tight *bullish flag* pattern after a strong vertical rally. Price is respecting the range of 1405–1505 and is showing signs of breakout readiness.

Key Levels:
* Resistance: 1505 / 1513
* Support: 1405 / 1365
* Volume: Decreasing during consolidation, indicating healthy pause
* Indicators: MACD cooling off, RSI holding above midline

View: Bullish bias. A breakout above 1505 with volume may trigger fresh upside momentum. Keep watch for breakout confirmation.