MANAPPURAM weekly chart analysis for bulls who are in profit
Things that bulls who are already riding on profits can do now:
1.a) Hold with a save profit at 132 if you want to preserve your profit and let the profits run and keep trailing your save profit order higher and higher with every bullish move.
1.b) Book partial profit at logical targets 163(CMP)-180-205-250 based on Fib extension with a save profit at 132 if you want to preserve your profit. Expecting more bullish move until mid July 2020
2) Wait for a retracement and add more at 115-104 levels to your existing position if you planning for a long term trade.
1.a) Hold with a save profit at 132 if you want to preserve your profit and let the profits run and keep trailing your save profit order higher and higher with every bullish move.
1.b) Book partial profit at logical targets 163(CMP)-180-205-250 based on Fib extension with a save profit at 132 if you want to preserve your profit. Expecting more bullish move until mid July 2020
2) Wait for a retracement and add more at 115-104 levels to your existing position if you planning for a long term trade.
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Expecting to see Manappuram reach 250 level by June 2020 as long as it stays above 130
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Correction: Expecting to see Manappuram reach 250 level by July 2020 as long as it stays above 130
Correction: Expecting to see Manappuram reach 250 level by July 2020 as long as it stays above 130