Muthoot Finance-Symmetrical Triangle Formation-Awaiting Breakout
As seen after a strong uptrend price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart. A breakout with volumes on either side will decide the trend of this stock.
I would be more interested in the breakout on the upside as it is the primary trend. I will keep this stock in watchlist and review it once it gives a breakout.
I would be more interested in the breakout on the upside as it is the primary trend. I will keep this stock in watchlist and review it once it gives a breakout.
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