MANAPPURAM FINANCE getting ready for a 6-7 % upmove
MANAPPURAM
After a nice upmove the stock has consolidated and is in a box range(118-125,green lines) in hourly time frame. Also a flag(blue lines) is formed near the box range high , so we may see an upward breakout once it breaks the flag and/or the box range on closing basis on hourly charts.
target would be around 125+7=132 and the trade will be negated if it closes back again in the box range.