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Stock-n-Shine

MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUT

Long
MUTHOOT FINANCE LTD (NSE:MUTHOOTFIN)  
Stock-n-Shine  
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
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cupandhandle supportandresistance supplyanddemand cupandhandlepattern cupandhandlebreakout cupnhandle cupwithahandle cuphandle cuphandlepattern priceactionanalysis breakouttrading
Hi All,

This idea is about Muthoot FInance

Very interesting pattern has emerged on Weekly chart.

Cup and Handle formation and then a successful breakout from both sip line and long term resistance.

Relative Strength has turned positive as compared to Nifty.

High relative volume crossing benchmark level of 2

Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.

FnO trade can also be taken

Happy Trading,

Thanks,
Stock-n-Shine
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