dineshsarann

Important breakdown and what to expect next week?

Short
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
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Dear traders,
There is a decending triangle pattern .
And if there is a breakdown then it will go up to NEXT SUPPORT ZONE .

And with Fibonacci retracement idea we got support by 0.78(1299.35)

Comments

dear traders,
I forget to tell about flag pole breakout pattern.
there are two scenarios-
1.decending triangle pattern- which is followed by a breakdown (↘️) then we play for sale move.
2. flag pole breakout pattern-which is followed by a breakout (↗️) then we play for a buy move
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