TradingWithRahul

Muthoot on short term Parallel channel support

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
Stock is moving in a parallel channel and is currently near support. Can be bought for a target of 1600-1620. CMP-1500. SL will be 1450 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.

Comments

sir..spot now 1477. Still SL is 1450? Can we hold or exit
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@gaurangtalati0503 yeah, SL will be 1450
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gaurangtalati0503 TradingWithRahul
@TradingWithRahul, the price is spot or future?

now spot cp is 1458
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It's spot
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gaurangtalati0503 TradingWithRahul
@TradingWithRahul, looks like 1450 will be today on closing basis.. any views?
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@gaurangtalati0503 yeah maybe😅, let's see. It can bounce back also
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gaurangtalati0503 TradingWithRahul
@TradingWithRahul, 1405 spot
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by when do u think we can hold if we buy today
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@gaurangtalati0503 Sorry😅 but I don't time the markets. The target can come in 2-3 days or might take 1-2 weeks.
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