Triangle on Muthoot FinCorrection may happen on upside or may open gap up and then it will fall continue.
Trade Levels
Short Entry - 465
Targets - 455 / 445
Stop loss - 480
Muthoot
Will it break the Ascending Triangle ? Trade Levels
Position - Long
Entry - 650
Targets - 657 / 664
Stop loss - 641
Day Trade - Symmetric Triangle on MuthootfinTrade Long:
Long entry - 513.50
Target - 518
Stop loss - 510.50
Trade Short
Short Entry - 508
Target - 503
Stop loss - 511.50
Note - Trend seems upside
Bounce from trend line support MUTHOOTFIN bounce from trend line support add near 448 for target 480/500 stop loss close below 435.
Muthoot Finance - Breaks Symmetrical Triangle It is been observed that the price action breaks out from a symmetrical triangle on a daily chart, indicating a strong selling and further weakness ahead. It is important to confirm the breakout with a close below 350 levels.
T1: 325
T2: 310
T3: 300
Stoploss: 370
