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Stock of the day : Manappuram Finance Ltd For Target Rs. 225 - Religare Broking
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Manappuram Finance Limited
* The stock has been in a steady uptrend forming higher tops and higher bottoms with supportive volumes.
* It has rebounded higher finding support near its previous resistance zone which coincides with its 20 WEMA.
* The price action and a bullish crossover in momentum indicator suggest that the stock is set to reclaim its swing high soon.
* Traders can consider fresh longs in the mentioned range.
Buy Manappuram Finance Ltd CMP 211.78 Range 210-212 SL 205 Target 225
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SEBI Registration number is INZ000174330
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