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praveen.bhatiya

DOUBLE BOTTOM REVERSAL/PF

Long
MUTHOOT FINANCE LTD (NSE:MUTHOOTFIN)  
praveen.bhatiya Updated   
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
Double Top or Bottom Rectangle Pitchforks
4
4
doubletoporbottom rectangle pitchfork
The Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details
Entry 398
SL 379
Target 424/440

PF setup may guide the price movement and target.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade closed: target reached

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