Muthoot Finance - Inside Bar

3 ביולי 2022

Stock has formed an Inside Bar Pattern after a Strong Downtrend as shown in blue color. On Friday, the stock confirmed the breakout of Mother candle's High and formed a long bullish candle. There would be some profit booking in the stock early next week. Based on the Inside Bar Breakout, here are some resistances stock will see -

First Resistance is at 1102, second at 1153 and third at 1295. This might be a trend for next couple of weeks.