Manappuram Finance Ltd - 17.06.2021
The stock has made an intraday low @ 162.40, breaching the low of previous day candle @ 165.85
There is a MACD Bearish Divergence in daily chart which is confirmed today after the previous day low is taken off and prices are below ema
one can initiate a short position @ 163-164 levels with resistance @ 166.50 for targets below 157
watch out for the price action
The stock has made an intraday low @ 162.40, breaching the low of previous day candle @ 165.85
There is a MACD Bearish Divergence in daily chart which is confirmed today after the previous day low is taken off and prices are below ema
one can initiate a short position @ 163-164 levels with resistance @ 166.50 for targets below 157
watch out for the price action