Reverse head and shoulder in making, it is huge consolidation with good volumes. It is good bet on medium and Long term. 30 % now and rest at the close of the support. So the overall Stop loss get better, large hand can break the support and push the price higher.
Stock Is nearing to the long term resistance.
Should reverse from there and form H&S pattern with Resistance Range.
If it reverse, two Levels to watch out For 290 and 230.
If it does not reverse from the resistance range and breakout given, Wait for correction to enter.
Time Period is strictly Long Term Investor 2-4 years minimum to get returns of H&S pattern.
Muthoot Capital Services (MCSL), established in February 1994, is a Non Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and is listed on the Bombay Stock Exchange.
Established in Kerala, MCSL offers capital market solutions that include leasing & hire purchase, vehicle loans and bonds & deposits among others, with cost-effective...
Market Analysis
Live Challenging Stock Market Analysis MUTHOOTCAP Buy @ 397.40
Target @ 551.50
#sharemarket #muthootcap #indianstocks #stockmarket
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk...
