MANAPPURAM

stock price analysis

after a sharp uptrend and rapid rise at stock price of the stock price started consolidating from 10th june 2025 and on 10th june the shadow of the candlestick formed was larger as compared to the real body of the candlestick on daily basis chart on 13th june 2025 the stock price has breaked the important resistance level of 275 the given its closing above it which indicates that further rise in stock price may be seen the indicators like bollinger band and RSI indicates that the stock price is trading at over bought zone as RSI is at 87 and candle stick is formed outside the upper band of bollinger band if the stock gave its closing below the level of 275 the view will change to bearish as the level of 275 will now act as important support level as support and resistance levels are interchangeable once broken