previous analysis is in the link section.
just here for a reupload of my analysis, and a update on it, that the waves which i had drawn are going perfectly.
today as on 12th of October, manappuram have given a breakout, and went above 5%.
great stock to buy, good with fundamentals, business model, and sales are surely to increase.
good movement is gonna come...
"when a stock falls in such a fast movement, it rises based on supporting its fall".
the stock is in the range of 0.618 of FIBONNACI
good time to enter to take the advantage of 3rd wave.
stock will rise from Monday onwards.
targets are mentioned.
purple line shows the actual value the stock should be trading at. so the stock is available at a lot discount....
this waves are drawn based on the stock which is at major discount and with a good fundamentals, so the waves will follow there impulsive moves based on its targets reached previously.
wave 1- a impulsve move to correct itself to reach the first level of its target
wave 3 - to reach the second target
wave 5- to reach the major trend line, to make the stock...
Manappuram formed double bottom and broke the resistance.
Good to go long in this stock or one can also wait for re-test.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then...
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
