Flag pattern on the Weekly chart of Muthoot Finance

MUTHOOT FINANCE LTD (NSE:MUTHOOTFIN)

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NSE:MUTHOOTFIN MUTHOOT FINANCE LTD

Trend Analysis Chart Patterns Technical Indicators MUTHOOTFIN breakout FLAG priceaction priceactionbreakout breakouttrading

trendanalysis chartpattern indicator muthootfin breakout flag priceaction priceactionbreakout breakouttrading

Daily RSI is above 60 and Monthly RSI is taking support at 60. Volumes seem healthy on bullish days. Finance stocks in general are a little slow today, but the potential exists. An ideal entry might have been when the price first closed above the 50MA on the Weekly chart.

MUTHOOTFIN

Commentaire:

Strong move after breakout!

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