Manappuram Finance: Long-Term Breakout Alert

🚀 Manappuram Finance: Long-Term Breakout Alert! 🚀

🔹 CMP: ₹230 | Stop Loss: ₹170 | Target: ₹290 | ₹372

🔍 Why Manappuram Looks Promising?

🔄 Technical Breakout:
A rounding bottom (or cup-and-handle) breakout with a well-defined base formation—indicating potential long-term upside.

📊 Accumulation Opportunity:
As the breakout occurs, retests may follow—offering an ideal opportunity for staggered accumulation. Long-term investors can accumulate on dips for better risk-reward.

📈 Target Calculation:

📏 Pattern Depth Approach: Targets are derived from the depth of the rounding bottom or cup-and-handle pattern.
📊 Fibonacci Validation:
✅ Retracement Levels (Stop Loss Zones): ₹138 & ₹230
✅ Extension Levels (Price Targets): ₹81.5, ₹230 & ₹138
📌 Pro Tip: Plot these Fibonacci levels yourself to build conviction and sharpen your analysis.

📉 Risk Management:

Stop loss is carefully aligned with Fibonacci retracement to minimize downside risk.
Follow strict position sizing to safeguard capital—especially in volatile market conditions.
⚠️ Caution: Market conditions can shift quickly—adjust your position size based on your risk tolerance and trading plan.

📍 Outlook:
With a confirmed breakout and strong technical alignment, Manappuram Finance offers a high-probability swing trade for long-term investors.

📣 What are your thoughts on this breakout? Share your views in the comments!

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📈 #ManappuramFinance #BreakoutAlert #TechnicalAnalysis #SwingTrading #InvestmentOpportunity

📉 Disclaimer: As a non-SEBI registered analyst, I encourage you to conduct independent research or consult a financial professional before making investment decisions.