aks85

Muthoot Finance-Symmetrical Triangle Formation-Awaiting Breakout

NSE:MUTHOOTFIN   MUTHOOT FINANCE LT
102 3 3
As seen after a strong uptrend price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on either side will decide the trend of this stock.
I would be more interested in the breakout on the upside as it is the primary trend. I will keep this stock in watchlist and review it once it gives a breakout.
This is been on my radar list for a long time , now eagerly looking forward for a breakout. Good work, keep it up. Regards
+1 Reply
aks85 NeeteshJain
Thanks for the kind words buddy. Manappuram finance is also doing exceptionally great, just have a look.
+1 Reply
Great as always :)
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