MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUT

Hi All,

This idea is about Muthoot FInance

Very interesting pattern has emerged on Weekly chart.

Cup and Handle formation and then a successful breakout from both sip line and long term resistance.

Relative Strength has turned positive as compared to Nifty.

High relative volume crossing benchmark level of 2

Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.

FnO trade can also be taken

Happy Trading,

Thanks,
Stock-n-Shine