MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUT
Hi All,
This idea is about Muthoot FInance
Very interesting pattern has emerged on Weekly chart.
Cup and Handle formation and then a successful breakout from both sip line and long term resistance.
Relative Strength has turned positive as compared to Nifty.
High relative volume crossing benchmark level of 2
Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.
FnO trade can also be taken
Happy Trading,
Thanks,
Stock-n-Shine
This idea is about Muthoot FInance
Very interesting pattern has emerged on Weekly chart.
Cup and Handle formation and then a successful breakout from both sip line and long term resistance.
Relative Strength has turned positive as compared to Nifty.
High relative volume crossing benchmark level of 2
Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.
FnO trade can also be taken
Happy Trading,
Thanks,
Stock-n-Shine
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