T_Harth

Super Bullish Muthoot Finance heading back to All Time Highs

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
DO NOT EVEN THINK ABOUT SHORTING looking at this Super Bullish Structure:

We have a Failed H & S Top Pattern + Falling Wedge Breakout + Inverted H & S breakout + 123 Reversal Pattern Breakout

- This Stock can head back to 1405 or even make new ATHs !
- The path is following an Ascending Channel , and looks like an easy one way trip to 1300 - 1320
- Gold prices are also rising so added confirmation from a Multi Asset class perspective
- Stock is also above all Anchored VWAP levels!
- RSI above 60, KST in Buy mode and above zero, MACD in Buy mode with rising Histogram, ADX sloping up and in Buy mode too
- Short Sellers stay away from this stock or be ready to sell your kidneys because this stock can Surprise to the Upside!
- Have a look at the Relative Chart too (MuthootFinance/ Nifty 50), we can see a false breakdown turned into a Cup & Handle pattern. And you know what! From False moves come fast Moves in the Opposite Direction!

GO LONG! , view invalid if swing low breaks
Order cancelled: Sideways Choppy Mess. But would not Short

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