On October 17th, Manappuram Finance share crashed 15 percentage because of RBI took action against Asirvad Microfinance which is a subsidiary company of Manappuram Finance. RBI finds the Brokerage Scrambling which leds to downgrade their Rating on Gold Financier. Other than Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance and Navi Finance were also effected.
Hold, Sell or Buy Malappuram Finance Share
Now the Main Question for the investers is that "should I Hold or Sell after this Crash" of more than 15 percentage. So, Today am going to analysis the Major Support and Average levels for the Investors to take discission on this particular stock. You may like to Join our Free Telegram Channel for Live Updates as earliest.
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| Monthly Chart of Manappuram Finance share |
We are going to analyze the Monthly Chart of Manappuram Finance share. When we look in to the chart we can see that Major Support area where you can add more or fresh entry on this stock at 152 to 140 price levels. And below that it may go below 100 price as shown in the chart.
Conclusion
As a conclusion, if you are still Holding this stock can be averaged at 150 to 140 price level. Also you can consider adding new quantities at these support area. This can be considered for Long term or Mid Term Holding.