amitgupta50320

finace stock which can generate 50% return in mid-term

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
After correction of 50%, the stock has formed channel pattern on weekly TF and broke it out successfully.
while momentum indicator RSI has shown divergence and currently is above 60 which is also an bullish indication.
fresh long positions can be initiated here around 1120-1130 with the stoploss below 1080.
our expected targets are 1380-1710 in short to mid term.
holding period should be 2 weeks to 12 weeks.
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