MANAPPURAM - chart - 423176
MANAPURRAM :- COUNTER IS TRADING IN RISING CHANNEL PATTERN,, PRICE MAKING HIGHER HIGH,, RSI IS FAILING TO MAKE HIGHER HIGH,, FROM LAST 4 TO 5 HOURLY COUNTER IS NOT ABLE TO CROSS LEVELS OF 173.5,,, TRADING IN TIGHT RANGE OF 171 TO 173.5,, SHORTS CAN BE INITIATED IF COUNTER BREAKS 171 AND SUSTAINS,, VIEW GETS NEGATED IF RECENT PEAK IS CROSSED ON CLOSING BASIS, DOWN SIDE 5-7-10% FALL CAN BE SEEN