MUTHOOTFINOn 1H chart MUTHOTFIN looks like Following Elliot Wave 5 Wave pattern.
If so the MUTHOOTFIN should show 1204 Fib retracement Level.
And then It may again show down move to complete its 5th wave.
Just a personal View for study purpose no trade recommendation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.