Mannapuram chart on daily chart does look like a cup and handle pattern. Three important pivot levels are 111, 120 , (seems to be convincingly crossed) and 124 (which seems to be providing resistance as of now) But it looks more like a good rounding bottom pattern and a successful pattern playing out could provide target of 225, which is the top from where the fall began. It could be very early days in rounding bottom formation, so there could be some ups and downs within a range, till a firm trend gets established.
| Subscribe To Our Free Newsletter |
