Muthoot finance giving signs of a trend reversal in it breaking long time downtrend line resistance and a small time frame downtrend resistance trendline too, it create a overall ok rounding bottom pattern which touched three times at almost same price on a up trendline so which we can say a triple bottom on daily chart yes it is looking little complicated but one you read carefully you will find the purpose of making this chart, it could give a breakout above 1150 and there will be a closing must above 1150. So traders and investors can watch a close above of 1150 on their specific time frame according to their own setup and mindsets.
Note- I am not a sebi registered and authorized to give buy or sell recommendations ask your financial advisor before execution of investments and trade
Note- I am not a sebi registered and authorized to give buy or sell recommendations ask your financial advisor before execution of investments and trade
