MANAPPURAM | TECHNO FUNDA ANALYSIS

Manappuram Finance – 1D

Trend Description Manappuram has recently bounced strongly from the ₹260 demand zone. The chart shows a rounded accumulation, and the stock has reclaimed the key demand–supply flip zone (highlighted purple). This reclaim indicates strength. Current price is heading toward the upper resistance at ₹292, where sellers have previously been active. Support & Resistance Levels Major Resistance: ₹292 Intermediate Support / Flip Zone: ₹272–278 (purple zone) Major Support: ₹260 Expected Move If it sustains above the purple zone (₹272–278), momentum may carry it to ₹292. A breakout above ₹292 can lead to ₹305 → ₹318. A breakdown below ₹260 will weaken the entire structure and open downside toward ₹245. Short Fundamentals Summary Manappuram is a leading NBFC with gold loans and microfinance segments. Recent quarters show stable AUM growth, controlled NPAs, and strong gold loan demand. Final Verdict Bullish above ₹278. Breakout above ₹292 will trigger a strong upward move. Weakness only below ₹260.