Muthoot -21.11.2023If trigger line crosses above -52.57, may reach 61.09, Cash price - 20-30
If trigger line crosses below -48.04, may reach 39.38, Cash price - 16-22
Muthoothlong
Muthoot -Intraday -15.11.2023If trigger line crosses over 53.38, may reach 66.07, cash Price may reach 30-45 with a gap up.
If trigger line crosses over 42.61, may reach 32.58, Option Price may reach 20-22.
Muthoot Finance - Extreme breakout
Muthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
