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vipulmehta817

MUTHOOTFIN bouncing off 200WMA and trendline

Long
MUTHOOT FINANCE LTD (NSE:MUTHOOTFIN)  
vipulmehta817  
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
Trend Analysis Chart Patterns MUTHOOTFIN muthootfinanalysis muthootfinlong 200wma trendlinebounce
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trendanalysis chartpattern muthootfin muthootfinanalysis muthootfinlong 200wma trendlinebounce
The chart of the stock Muthoot Finance (NSE: MUTHOOTFIN) is bouncing off its long-term, seven year old trendline from where it has taken support multiple times in the past.

The stock is also bouncing off 200WMA which has also been its long-term support since listing.

The chart looks bullish with ultimate target of previous all-time high zone of 1800.
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