Muthoot Finance Triangle Breakout for short term - Long
Updated
Muthoot Finance has briefly broken out of the channel pattern that is valid since September 2020.
However, the stock has given close within the channel after a triangle pattern breakout in hourly TF.
Good buying volume in the past few days.
Strong close in daily as well as weekly chart.
Closed above 200 EMA in daily TF.
Stock should head higher after crossing 1210.
However, the stock has given close within the channel after a triangle pattern breakout in hourly TF.
Good buying volume in the past few days.
Strong close in daily as well as weekly chart.
Closed above 200 EMA in daily TF.
Stock should head higher after crossing 1210.
Trade closed: target reached
A high of 1298 was reachedNote
A high of 1439 is reached
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