Sunboyz

Muthoot in parallel channel, near support / buy zone

Long
Sunboyz Updated   
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
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
Trade active: 1st Target of 1200 reached
Trade closed: target reached: Exited at 1215
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