The stock is stuck inside a narrow range of ₹292-₹318 for more than two weeks now. It is now near the upper end of this range. The bias is positive to see a bullish breakout above ₹318 eventually.

Such a break can take Manappuram Finance share price up to ₹345-₹350 initially and then to ₹370 eventually. Immediate support is at ₹300.

Below that ₹290-₹285 is the next important support zone. We can expect the stock to sustain above ₹300 itself. Traders can buy Manappuram Finance shares now at ₹315. Accumulate on dips at ₹305.

Keep the stop-loss at ₹282 initially. Trail the stop-loss up to ₹323 as soon as the stock goes up to ₹332. Revise the stop-loss higher to ₹338 and ₹352 when the price touches ₹345 and ₹358 respectively. Exit the long positions at ₹367.  

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 20, 2026