Muthoot Finance Pole and flag pattern breakout in 4 hr timeframe. looks good at CMP : 1510 for swing traders.
After a very good rally from triangle breakout, The stock has been trading in a narrowing range, Whoever missed the initial rally can take this as an opportunity to enter again if the breakout happens
Recently the results of the company were declared and the company declared good results. The stock has been moving in a narrow range for sometime. sell the stock if it crosses 1455
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used: Do watch the video to get to understand all of the information 📌 Structure is bullish 📌 A good pattern is created above the triangle pattern 📌 On 30mins it is showing an amazing pattern = wait for BO and enter sharply with risk defined on...
Education purpose only before investing ask u r financial advisor
Long - Soon 1700+++++ Stop 1425.....Muthoot Finance
On a Daily Time Frame, MUTHOOTFIN has broken a perfect Channel Pattern and formed a Triangle pattern after the Channel Breakout. Lets see if it breaks the triangle pattern and touches 1700 Level on/before the next Event Date in Aug 2021. ( The 1700 range is taken based on the height of the Channel pattern.) Disclaimer: Kindly consult with your Financial Advisor...
My personal point of view. as we see a good rally in muthoot now, it formed a pole and flag patter. if it break up side and sustain above support han it can again give good move. if it break down side avoid it or take small profit in short selling and exit.
Possible breakout soon
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...
Muthoot looks good
After hitting a high of 1550, the stock formed a bullish flag formation and has given a breakout.