MUTHOOTFIN , DAILY : Wathout for breakout for NSE:MUTHOOTFIN by m2gud

chartpattern finance banknifty nse indianstocks futures best good breakout intraday

MUTHOOTHFIN giving ascending Chart Pattern on Daily Chart.. Also getting SUPPORT from 20,SMA. Watch out for breakout

MUTHOOTFIN, 1hr Chart also making SYMMETRICAL TRIANGLE pattern.

Keep in mind US ELECTION>>

Comment:

PRICE still moving inside the TRIANGLE , WATCH FOR A BREAKOUT.

Comment:

gives long red candle after breakdown which is good for intraday trade. but as stock is bullish we only watch for BREAKOUT not breakdown.

Trade closed manually:

We are looking for a breakout but It did not give breakout above and moving out of triangle below (breakdown).So this pattern is no more valid now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.