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atul4b95

MANAPPURAM FINANCE getting ready for a 6-7 % upmove

Long
MANAPPURAM FINANCE (NSE:MANAPPURAM)  
atul4b95  
NSE:MANAPPURAM   MANAPPURAM FINANCE
Trend Analysis Chart Patterns
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trendanalysis chartpattern
MANAPPURAM After a nice upmove the stock has consolidated and is in a box range(118-125,green lines) in hourly time frame.
Also a flag(blue lines) is formed near the box range high , so we may see an upward breakout once it breaks the flag and/or the box range on closing basis on hourly charts.
target would be around 125+7=132 and the trade will be negated if it closes back again in the box range.
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