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LearningBullnBear
Nov 5, 2022 3:45 PM

Sneaking out from bottom Long

MUTHOOT FINANCE LTDNSE

Description

Has been trading in a range of a 50 points 1000-1050 for more than a month and with stock closing above the 0.38 retracement level and touching 0.5 level. It can give a triangle BO above 0.5 level of 1083 which can go upto 1160-1200. However watch out for volume for confirmation.

Comment

Just closed below the 0.618 retracement level and once it goes out of this zone then we can see our target quickly
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