Positional Setup for Manappuram Finance Ltd (NSE)

From your TradingView chart:

CMP: ₹264.80

Breakout Zone: ₹245–248 (highlighted in purple)

Previous Resistance: ₹245–250 (now flipped to support)

Indicators:

Supertrend: ✅ Bullish

TEMA (5,9,20): ✅ Trending upward

Volume/Price Action: Sharp breakout candle with nearly 7% gain—strong confirmation

📈 Technical View (Positional)
Manappuram has broken out of a multi-month resistance zone after consolidation.

Strong follow-through with volume indicates strength.

It is now trading at multi-year highs, suggesting fresh upside potential.

🚀 Positional Targets:
Target 1: ₹285

Target 2: ₹305

SL (Closing Basis): ₹248