MUTHOOTFIN : Flag pattern formationMUTHOOTFIN 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
Positiontrading
Reliance - Descending Triangle formationReliance 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.
Kindly share your valuable thoughts.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
RAIN - Positional Trading SetupDisclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
