exit the counter

142
Manappuram- CMP 234

Trend- the stock has been in a broad sideways move. Hence lacks any strength.

RSI - the RSI is back to it bear zone at the trendline resistance.

Volume - watch the tower on the volume, its again a sign that the retail has entered in huge numbers, thinking it as a breakout.

Extreme indicator- the detrend indicator has reached its previous all time high, asking one to be careful.

Conclusion - exit the counter.

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