Manappuram- CMP 234
Trend- the stock has been in a broad sideways move. Hence lacks any strength.
RSI - the RSI is back to it bear zone at the trendline resistance.
Volume - watch the tower on the volume, its again a sign that the retail has entered in huge numbers, thinking it as a breakout.
Extreme indicator- the detrend indicator has reached its previous all time high, asking one to be careful.
Conclusion - exit the counter.
Trend- the stock has been in a broad sideways move. Hence lacks any strength.
RSI - the RSI is back to it bear zone at the trendline resistance.
Volume - watch the tower on the volume, its again a sign that the retail has entered in huge numbers, thinking it as a breakout.
Extreme indicator- the detrend indicator has reached its previous all time high, asking one to be careful.
Conclusion - exit the counter.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.