Manapurram Finance Bracing up for an upmove
This stock looks to be bracing up for an upmove to give a decent Risk Reward Trade, following are the favorable conditions:
Technically:
1. multiple tested lows near 98-96 range but failed to break below
2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true
Other reasons:
1. Fundamentally a good stock with good growth rates
2. dependent on gold rate ( Gold Finance company) Gold has corrected a lot, any upmove should aid the stock in a positive way.
3. broadly independent of the index, so should chart its own course.
Technically:
1. multiple tested lows near 98-96 range but failed to break below
2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true
Other reasons:
1. Fundamentally a good stock with good growth rates
2. dependent on gold rate ( Gold Finance company) Gold has corrected a lot, any upmove should aid the stock in a positive way.
3. broadly independent of the index, so should chart its own course.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.