Getting into next breakout zone for short to mid term target 2100. Target for next 2 years would be around 3500 to 4000 as Gold will be bullish for next 2 years.
Comment:
Muthoot Finance failed to breakout above the green trend line, it will be consolidating within the wedge channel for some more time. This stock is in long term bull trend, anyone planning for 3 years in mind, will be a good one in portfolio. Any time price hits the red trend line, it will be a good buy signal. Generally stocks move wild when it breaks up or down of the Wedge channel.
Comment:
Muthoot has broken down the wedge channel. It will likely soon test 1400 soon, which is a good support line. Long term investors can start accumulating at these levels.