Long

MUTHOOTFIN , DAILY : Wathout for breakout

Updated

MUTHOOTHFIN giving ascending Chart Pattern on Daily Chart.. Also getting SUPPORT from 20,SMA. Watch out for breakout

MUTHOOTFIN, 1hr Chart also making SYMMETRICAL TRIANGLE pattern.

Keep in mind US ELECTION>>

Note

PRICE still moving inside the TRIANGLE , WATCH FOR A BREAKOUT.

Note

gives long red candle after breakdown which is good for intraday trade. but as stock is bullish we only watch for BREAKOUT not breakdown.

Trade closed manually

We are looking for a breakout but It did not give breakout above and moving out of triangle below (breakdown).So this pattern is no more valid now.

m2gud

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