MANAPPURAM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.0

Here’s a detailed technical analysis of Manappuram Finance Ltd (MANAPPURAM)

📉 Trend Overview

Current Trend: Consolidating with bearish bias

Price is hovering near the 50 DMA (₹260), but recent breakdown from ₹285 suggests fading momentum.

Trading well above 200 DMA (₹225), indicating long-term strength remains intact.

📊 Technical Indicators

Moving Averages

50 DMA: ₹260 — price is slightly below, signaling short-term weakness.

200 DMA: ₹225 — price is above, confirming long-term bullish structure.

RSI (14): 40.3 — bearish zone, approaching oversold territory.

MACD: +0.38 — weak bullish crossover, but momentum is flat.

Bollinger Bands: Price near lower band, suggesting oversold conditions and potential for bounce.

Volume: 21.3L vs 1-week avg of 27.7L — below average, indicating lack of conviction.

📌 Support & Resistance Zones

Level Type Price (₹)

Immediate Support 252 – 255

Strong Support 238 – 245

Resistance Zone 264 – 270

Major Resistance 278 – 285

Trendlines show a descending channel with lower highs, indicating consolidation with downside risk unless support holds.

🚨 Momentum Signals

Short-Term Entry Zone: ₹245–₹252 (if reversal signs emerge)

Exit Zone / Target: ₹264–₹278 (if bounce occurs)

Stop Loss: ₹238 (below strong support)

⚠️ Conclusion

Momentum: Weak and fading.

Trend Status: Consolidating with bearish undertone.

Outlook: Cautious. Avoid fresh long positions until RSI improves and MACD expands.

Watch for: Volume spike + RSI > 45 + MACD acceleration for bullish reversal.

Would you like a visual chart or comparison with peers like Muthoot Finance or IIFL Finance?

Edit in a page