Muthoot Finance

Hello and welcome to this analysis on MUTHOOT FINANCE cmp 1130

After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown.

Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence.

It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line.

The pattern would be considered invalid below 1070