June 08, 2017
Manappuram Finance (NSE Cash)
93.50 - 94.50
14 -21 sessions
Source: Falcon (Time:
Since last few months, this stock has been consolidating in a broad range. Recently, the prices have taken support near its
'200 EMA' on the daily charts and have reverted higher. As seen in the exhibit, the prices have now given a breakout
from its falling trendline resistance. Also, the 'RSI' Oscillator on the daily chart is indicating a positive momentum.
Considering the above setup, there is a higher probability of the stock moving higher in near term.
Hence, we advise traders
to buy this stock at current levels and on declines at
93.50 for a target of
104 over the next 14- 21 sessions. The stop loss
should be fixed at
022-3935 7600 Extn: 6554
June 08, 2017
Last 9 recommendations
Recom. Buying/Selling Range CMP
543 - 546.50
2880 - 2900
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Booked Profit at
920 - 926
634 - 639
Bank of Baroda
175 - 176
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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