MUTHOOTFIN
cmp 505
Target open
Long suggested ONLY above 525-530 zone.
DO NOT ENTER BELOW THIS AS STOCK MIGHT GO THROUGH ANOTHER CONSOLIDATION PROCESS AS WELL AFTER TOUCHING 525-530.
Stock currently is in the process of consolidation resulting in the formation of cup pattern.
A breakout above 525 indicates a possible fresh upmove.
Stop around 470-475
VWAP RSI is signalling strength in VWAP, meaning volume increase accompanied in upmoves.
Pivot based oscillator above zero and sloping upwards providing comfort to the bullish view.
Price has broken above the next quarter's pivot zone.
cmp 505
Target open
Long suggested ONLY above 525-530 zone.
DO NOT ENTER BELOW THIS AS STOCK MIGHT GO THROUGH ANOTHER CONSOLIDATION PROCESS AS WELL AFTER TOUCHING 525-530.
Stock currently is in the process of consolidation resulting in the formation of cup pattern.
A breakout above 525 indicates a possible fresh upmove.
Stop around 470-475
VWAP RSI is signalling strength in VWAP, meaning volume increase accompanied in upmoves.
Pivot based oscillator above zero and sloping upwards providing comfort to the bullish view.
Price has broken above the next quarter's pivot zone.
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