Manappuram Finance Update

Manappuram is at the lower end of a reverse channel. A reverse channel drawn by first joining the tops of waves 1 and 3 of 3 and the taking it to the lows. The lower end is at 151. The next move up should be wave 5 of 3. The top end of the channel is at 206. Wave theory hods that prices tend to move in 5 waves inside a channel. We will see if that happens here.