Manappuram
CMP 142
Three levels are important.
So one can go by position -sizing – initial postion after it closes and trades above the parralel channel for 1-2 weeks, additional postion once it crosses Fib level (61.8% , yellow line) and 3rd level is 179.
It has multiple 3 waves rise from the bottom of June 22 ,hence it does not give much confidence to us. Because there are lot of clean charts available in this bull run and money is limited , we tend to avoid these kind of charts.
Would be able to project the targets once the above mentiond levels are done.
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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