MUTHOOTFIN formed a flag pattern. wait for a breakout with High volume .
trade setup has a good risk/reward ratio of approximately 1:3
buy above 1500
target = 1890
stoploss = 1438
Reliance Industries have formed the Descending triangle pattern.
As the market is showing bearish sentiment, below 2060, we can expect a quick fall till the 2000 levels and may take a small "U" turn.
If the stock miraculously managed to break 2120 levels after a retest in the break out level, it can go upto 2250 levels.
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