STOCK IS AT ALL TIME HIGH, IF MANAGES TO CLOSE ABOVE 860 ON MONDAY ON 15 MIN THEN IT CAN FLY HIGH LIKE A ROCKET, TARGETS WILL BE 872 AND 887 RESPECTIVELY IN SHORT TERM(2-3 DAYS) BUT CHANCES ARE LOW, IF IT FAILS TO BREAK IT CAN AGAIN TEST 830 LEVELS SOONER
FOR ATH STOCKS I USED FIBS EXTENSION FOR PLOTTING TARGETS, BEST TOOL OUT THERE
Muthoot fin closed above important level and 9/21 ema crossover also occured today in 1 hr tf, so I am expecting bounce back atleast upto mentioned levels(1164.8)
It will be a intraday trade, but if it manages to close above 1178 then we can hold it for swing target of 1220 as well
Ubl is near its demand zone, we can expect strong bounce back from here, supported by the 20 ema as well as its trying to take support at 50 on rsi
Retracement of price upto 0.5 also complete, looking good for a swing perspective
FOR PAST TWO DAYS IT WAS IN MY SHORT LIST, BUT NOW TODAY GOOD AMOUNT OF DEMAND IS SPOTTED SO IF BREAKS MENTIONED LEVELS, THEN WE CAN HAPPILY GO LONG FOR THE FIRST TARGET..
BUT LONG ONLY IF 448 IS SUSTAINED