MANAPPURAM at Crucial Support/Resistance Zone

MANAPPURAM has entered the crucial 180 zone. This was the pre-Covid Feb'2020 high and has been respected multiple times in over the last 1.5 years. The stock has touched this zone with a gap-up doji. Price action in next few days will determine whether this resistance will see selling or whether we will see a breakout toward the bullish side. We will be closely monitoring the price action and update on this space as and when we see a trade developing.