You cannot stop an idea whose time has come.
Live Case Study: Manappuram Finance
Manappuram Finance stock has made a pretty strong momentum over last week. This is a daily chart for you
Source: Chartalert.com
We are not in a market where you should chase prices. Hence, you should patiently wait for any decline before jumping in. Ideally, the stock would be a better buy on declines near 140-145 band
The Big Picture
Source: Chartalert.com
Manappuram Finance disappointed last time when the stock broke out above 130 levels in June 2019. The stock after holding that level for a few weeks succumbed below it. The good news – the stock built a base near 105-112 band.
Source: Chartalert.com
The stock making new high is definitely a strong buy signal and now one should patiently wait for the stock to dip before jumping in. The stock reminds me of Nestle. Just see the Nestle weekly chart for yourself
Source: Chartalert.com
I covered Nestle just when the new high happened
https://www.smarketpremium.com/2018/04/01/patterntowatch/
Please do your own due diligence before trading