MANAPPURAM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

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

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong short-term momentum

Bias: Positive, nearing resistance zone

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹273

200 DMA: ₹239

Current Price: ₹292

Price is well above both DMAs → confirms bullish trend

Strong slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 63.9

Bullish zone, approaching overbought territory

Suggests strong buying interest but caution near ₹298

🔹 MACD (Moving Average Convergence Divergence)

MACD: 7.46

Positive and rising → confirms bullish momentum

Histogram shows widening → trend strength increasing

🔹 Bollinger Bands

Price is near upper band → bullish breakout zone

Bands expanding → rising volatility, often precedes continuation

No squeeze or reversal signal

🔹 Volume Trends

Current Volume: 19.7 lakh

1-Week Avg Volume: 25.2 lakh

Slightly below average → momentum may be slowing

Watch for volume spike to confirm breakout above ₹298

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 280 Minor pullback zone

Support 2 273 50 DMA, strong base

Resistance 1 298 52-week high, immediate ceiling

Resistance 2 310 Projected breakout target

Resistance 3 325 Extended target zone if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹280–₹285 (on pullback near support)

Exit Zone / Profit Booking: ₹298–₹310 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

MANAPPURAM is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹280 with targets around ₹298–₹310, keeping a watch on volume for breakout confirmation.

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