Breakout of a rising wedge and stock making new highsMUTHOOTFIN BUY: 1125, SL: 1050, T1: 1250, T2: 1380
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The pattern so formed is Rising Wedge and has a clear breakout.
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Buy when stock retest its support trendline.
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Share with your friends and colleagues who need to learn how to trade.
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A friend in need is a friend indeed.
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Disclaimer: Do your own analysis before taking any action.
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-MOHIT RAJANI
MUTHOOTFIN
Muthooth Finance Updated Chart !TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
Head & Shoulder Chart Pattern !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 12-18 % Gain.
MUTHOOT Finance may test Fib Retracement LevelNSE:MUTHOOTFIN
On 1H chart MUTHOTFIN looks like Following Elliot Wave 5 Wave pattern.
If so the MUTHOOTFIN should show 1204 Fib retracement Level.
And then It may again show down move to complete its 5th wave.
Just a personal View for study purpose no trade recommendation
Muthoot Finance Trade Setup !TREND ANALYSIS & TRADE SETUP
TRIANGLE CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times






















