Muthoot Microfin LTD – Major Breakout in Play!🟦 Blue Line: 200 DEMA
Still overhead, but the recent price action indicates a potential shift in trend. Price reclaiming above this zone will be another bullish confirmation.
📌 Breakout Highlights:
Counter Trendline Breakout: Price shattered the CT-based trendline with high volume.
W-Bottom Formation: A textbook double bottom structure is visible with neckline breakout.
Green Path: Illustrates the bullish trajectory already played out post breakout.
Red Zone: Key resistance turned support — now a potential demand zone on retest.
Yellow Path: A healthy retest scenario could play out, offering better R:R entries. A pullback to the neckline before continuation would be ideal.
🔔 Keep it on your radar — structure, volume, and trend all align for a bullish bias.
