2024-08-12 10:55:01 am | Source: Religare Broking
Stock of the day : Manappuram Finance Ltd For Target Rs. 215 - Religare Broking
Manappuram Finance Ltd
* After a vertical rally, the stock witnessed some profit taking and corrected near 50 percent retracement level.
* It has formed a small base near its important support zone while reclaiming its 50 ema.
* The recent price action combined with uptick in volumes indicates a strong up move from current levels.
* Thus, we suggest initiating longs in the mentioned range
Buy Manappuram Finance Ltd CMP 204.77 Range 202-205 SL 197 Target 215
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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