MUTHOOTHFIN giving ascending Chart Pattern on Daily Chart.. Also getting SUPPORT from 20,SMA. Watch out for breakout
MUTHOOTFIN, 1hr Chart also making SYMMETRICAL TRIANGLE pattern.
Keep in mind US ELECTION>>
MUTHOOTFIN, 1hr Chart also making SYMMETRICAL TRIANGLE pattern.
Keep in mind US ELECTION>>
Comment:
PRICE still moving inside the TRIANGLE , WATCH FOR A BREAKOUT.
Comment:
gives long red candle after breakdown which is good for intraday trade. but as stock is bullish we only watch for BREAKOUT not breakdown.
Trade closed manually:
We are looking for a breakout but It did not give breakout above and moving out of triangle below (breakdown).So this pattern is no more valid now.