MUTHOOT FINANCE LTD - Descending Triangle Breakout Upward

The Descending Triangle is bearish formation during a downtrend of a security. However , there are instances when Descending Triangle forms a reversal pattern which seems to be the case of Muthoot Finance. Targets on the chart.

Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.

Trade active:

First target achieved on 5 Oct,2020.

Trade active:

Second target also achieved on 6 Oct 2020