NSE:MUTHOOTFIN Short at 606.30 with SL at 609.50 and TP at 596.60
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Always risk 1% of account size per trade, adjust the position size accordingly.
Muthoot Finance exhibit a very similar price action to Manappuram. It should be natural considering the magnitude of similarity in their business models.
Like Manappuram, Muthoot has bounced off a trendline support, where we could also see a demand area i.e. around 600, which also happens to be a round number. With their nature of business involving gold and the...
MUTHOOTFIN (Muthoot Finance Ltd) SELL BELOW 623
Stock has been range bound for many days. Today it has given the breakout in the downward direction. So breaking the lower trendline, can lead to more fall in stock's trends.