MANAPPURAM - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📊 IntraDay Trade Rating: 3.6
Manappuram Finance Ltd (MANAPPURAM) presents a cautious opportunity for intraday trading today. While the fundamentals are stable and the stock is near key support zones, technical indicators and price action suggest limited momentum and potential volatility.
⚙️ Technical & Momentum Analysis
Trend Positioning
Current price: ₹259
Trading below 50-DMA (₹260) but above 200-DMA (₹225) — mixed trend signals
Volume
Current volume: ~21.3 lakh, below weekly average (~27.7 lakh) — indicates low trader conviction
Momentum Indicators
RSI: 40.3 — approaching oversold territory, but not yet a reversal signal
MACD: Slightly positive at 0.38 — neutral to mildly bullish
ADX: ~20 — weak trend strength
VWAP: ₹267.27 — price is below VWAP, suggesting bearish bias
SuperTrend: Bullish at ₹263.92 — price is just below this level
💰 Optimal Buy Price (Intraday)
Buy Zone: ₹255–₹258
Trigger: Enter long if price closes above ₹263.92 on a 5-min candle with rising volume
Avoid Buying: If price fails to hold above ₹260 and shows weak candles near resistance
🎯 Exit Levels
Type Price Range Strategy
Profit Target 1 ₹264–₹267 Conservative exit near VWAP resistance
Profit Target 2 ₹270–₹273 Aggressive exit if breakout sustains
Stop Loss ₹252.5 Below recent support and intraday low
📈 If You Already Hold MANAPPURAM Today
Exit Signal
If price fails to reclaim ₹263.92 with volume fading
If MACD turns negative or RSI dips below 35
VWAP Breach: Exit if price fails to sustain above ₹267.27 VWAP
Reversal Zone: Watch for weakness near ₹270 — this is a key resistance level
🧠 Final Thoughts
MANAPPURAM is not ideal for aggressive intraday trades today due to weak momentum and low volume. However, range-bound scalping between ₹255–₹267 may be viable with tight risk controls. Avoid chasing breakouts unless volume and price action confirm strength.
Would you like a comparative setup for other NBFC stocks like Muthoot Finance or Shriram Finance for intraday trades?
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