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Today's Pick (English Podcast): Manappuram Finance

| Updated on August 13, 2019 Published on August 13, 2019

The stock has been on a short-term downtrend since encountering a key resistance at 144 rupees in June this year. While trending down, the stock breached a key support at 125 rupees in mid-July and continued to trend downwards. This level now acts as a key resistance.

The short-term outlook is bearish for the stock. It can continue to trend down and reach the price targets of 111 rupees and 50 paise and 109 rupees in the upcoming sessions. Traders can sell the stock of Manappuram Finance with a stop-loss at 119 rupees.

Published on August 13, 2019