MUTHOOT FINANCE LTD
Long

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

234
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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.