Muthoot in parallel channel, near support / buy zone
Muthoot is in a parallel channel on daily chart and at the lower end. It is also close to 50 DMA of 1154. Risk reward looks favorable. Can go long with SL of 50 DMA (1154) or 1130 for more aggressive traders.
Welcome your views on my analysis
Welcome your views on my analysis
Trade active
1st Target of 1200 reachedTrade closed: target reached
Exited at 1215
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