Manappuram Finance Ltd. (CMP: ₹270, Stop Loss: ₹245)  surged 4% today, breaking out of a base formation and signaling fresh bullish momentum. The stock has registered a 10–21 day EMA crossover, further strengthening the technical setup. MACD has moved above the signal line, while RSI is trending higher, indicating improving sentiment.

Source: Share.Market

That said, volume confirmation will be crucial for validating this breakout. Immediate resistance is placed at ₹275, while ₹265 acts as near-term support. Traders may look for sustained volume expansion to confirm upside potential.

L&T Finance Ltd. (CMP: ₹222, Stop Loss: ₹200) is extending its uptrend, hitting a fresh 52-week high and staying aligned with its short-term moving averages. Both MACD and RSI are in bullish zones, reflecting underlying strength in momentum.

Source: Share.Market

However, a decisive move backed by strong volumes would offer firmer conviction. Immediate support is at ₹200, providing a strong base for traders. Positive sectoral cues in the NBFC space could also aid sentiment, making this stock one to keep on the watchlist.

Note: Charts and prices are as of 12:30 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

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