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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