Mariouncle

Bullish rally in Muthootfin begin ?

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
In present market, you can find many companies having good chart structures better than Muthootfin these can be JSW energy- strong upside momentum , Dr reddy - showing reversal sign from lower trend line. KPI green - breakout of downward channel or flag pattern, IRCTC good chart pattern ( festive season trains are full due to festival). but In the chart of Muthootfin there is a breakout from strong resistance area shown in the chart and downward channel and Finance Company generally do well in the festival season. So, i have strong believe that Muthoot Fin can do well in coming weeks.

you guys can check my previous ideas.


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