Muthoot in parallel channel, near support / buy zone Long

MUTHOOT FINANCE LTDNSE

Description

⋅ Nov 12, 2020 7:40 AM

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

⋅ Nov 19, 2020 7:11 AM

1st Target of 1200 reached

Trade closed: target reached

⋅ Nov 26, 2020 6:49 AM

Exited at 1215

Trend Analysis