Break even Point Rs 189
-- Long build up is seen in the Manappuram Finance
Futures’ where we have seen rise in the Open Interest with price moving up by 4%.
-- Stock price has broken out on the daily chart by closing above the resistance level of 181.5 to close at all time high with higher volumes.
-- In the option segment, we have seen 48 per cent addition in 190 strikes Call Option, suggesting Call buying.
-- Oscillator and momentum Indicators like RSI and MACD have been showing strength on the daily and weekly charts.