The Power of Bulls - Muthoot Finance (EDUCATIONAL)
EDUCATIONAL :
MUTHOOTFIN
had been in a downward channel/range ( T1 & T2 ) after making a swing high of 1361.60. Later, it got trapped in a triangular pattern ( T3 & T4 ) within the range and achieved a breakout & brought the bulls in but soon it again came down and took support over T3 at point A.
There it made a bullish hammer candlestick which confirmed my bullish view and I took a long position/bought at 1170.90 with a stop loss below 1135. Later on, it faced resistance near 1300 twice which helped me to make T5 and once again gave a breakout & retested it. After the Financial results were announced, it shot up drastically. I had exited half quantity at 1410.70 and still holding half quantity for a target of 1600.
ONLY FOR EDUCATIONAL PURPOSE.
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MUTHOOTFIN
had been in a downward channel/range ( T1 & T2 ) after making a swing high of 1361.60. Later, it got trapped in a triangular pattern ( T3 & T4 ) within the range and achieved a breakout & brought the bulls in but soon it again came down and took support over T3 at point A. There it made a bullish hammer candlestick which confirmed my bullish view and I took a long position/bought at 1170.90 with a stop loss below 1135. Later on, it faced resistance near 1300 twice which helped me to make T5 and once again gave a breakout & retested it. After the Financial results were announced, it shot up drastically. I had exited half quantity at 1410.70 and still holding half quantity for a target of 1600.
ONLY FOR EDUCATIONAL PURPOSE.
Like, Follow & Share for new updates.