Today muthoot finance has given breakout in daily time frame & Weekly time frame.
It was forming flag & pole pattern since many weeks but today it has given big candle with great volume and broken 1585 resistance.
If you look in hourly time frame it is again forming flag & pole.
So it might consolidate/small downtrend for few days.
It was forming flag & pole pattern since many weeks but today it has given big candle with great volume and broken 1585 resistance.
If you look in hourly time frame it is again forming flag & pole.
So it might consolidate/small downtrend for few days.