Technical - Conviction Delivery Idea : Manappuram Finance Ltd For Target Rs. 352

2026-05-26 10:47:33 am | Source: Motilal Oswal Wealth Management

Technical - Conviction Delivery Idea : Manappuram Finance Ltd For Target Rs. 352 - Motilal Oswal Wealth Management

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Technical View

The stock has been forming a 'Higher Top Higher Bottom' structure and is thus in an uptrend.

The prices have seen a pullback towards its 50 DEMA support, which coincides with the 50% retracement level, and is now resuming its uptrend.

The RSI oscillator has given a positive crossover hinting at a resumption of the bullish momentum.

We advise traders to buy the stock at CMP Rs. 293 with stop loss below Rs. 275 for potential target around Rs. 332 in 4 weeks.

Buy PB Fintech Ltd CMP 1748 SL 1690 Target 1860 Duration 1 Week

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Technical - Conviction Delivery Idea : Manappuram Finance Ltd For Target Rs. 352 - Motilal Oswal Wealth Management

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