Manappuram Finance Q3 Earnings Update and Trend
Analysis Timeframe: Daily
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06, aligning closely with key demand and supply zones. The stock needs to sustain above key support zones to continue an upward move.
Key Levels to Watch:
Resistance Zones (Upside Targets):
🟢 Strong Resistance: 219.33, 211.89🟡 Major Resistance: 205.08, 200.61
Support Zones (Downside Risk):
🔴 Strong Support: 196.50, 194.50🟠 Weak Support: 188.66, 179.64, 169.72, 160.00, 157.54
Bullish Scenario: If the price holds above 194.50 and reclaims the 20 DEMA, expect a potential move toward 205.08 – 219.33.
Bearish Scenario: A breakdown below 194.50 could see price testing 188.66 – 157.54 as the next downside targets.
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06, aligning closely with key demand and supply zones. The stock needs to sustain above key support zones to continue an upward move.
Key Levels to Watch:
Resistance Zones (Upside Targets):
🟢 Strong Resistance: 219.33, 211.89🟡 Major Resistance: 205.08, 200.61
Support Zones (Downside Risk):
🔴 Strong Support: 196.50, 194.50🟠 Weak Support: 188.66, 179.64, 169.72, 160.00, 157.54
Bullish Scenario: If the price holds above 194.50 and reclaims the 20 DEMA, expect a potential move toward 205.08 – 219.33.
Bearish Scenario: A breakdown below 194.50 could see price testing 188.66 – 157.54 as the next downside targets.
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