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
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.
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.