On a day chart, after 3 drive pattern and little consolidation, MUTHOOTFIN gave a breakout after 1190 and traded above 1200. Looking at the stock performance and the chart the breakout shows a bullish trend on the stock. Monday 10th May if it starts trading above 1227 then T1,T2 and T3 can be considered as Monthly targets with internal corrections and resistance.
In case if the the stock opens below Friday's opening then the stock will again take support and the 3 reds will act as immediate supports for the stock.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
In case if the the stock opens below Friday's opening then the stock will again take support and the 3 reds will act as immediate supports for the stock.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.