Golden Time for this Finance Company !!

Hello, 

This is about a Stock in Finance Sector,

The Stock is : MUTHOOT FINANCE LTD. 

Let's Go to the Chart : 

This is a Weekly timeframe Chart, The Stock is clearly seen moving on a Rising Trend Line and Comfortably following the Trend. Recently The Stock was moving in a Range of 368 to 518 since last 1 year. 

The Stock has formed Multiple bottoms around 360-370 zone, Mostly near the Rising Trend Line. Now it has done a break out above Multiple Tops around 480.

Now 518 is a Zone where it took resistance near a Top Trend line. Once the Resistance is crossed we have a upside till 780+ zone, where we expect a Resistance by the Trend Line at Top.

Recommendation: 

MUTHOOT FINANCE LTD. 

Buy Range 490-500 

Stoploss : 460 

Targets : 620 - 780 

Timeframe : 6 to 8 Months. 

The Analyst is a Global Market Expert, Technical Analyst and Certified Investment Adviser, Having an experience of around 12 years in Global and Indian Stock Markets. The views of the analyst are his own and there is no vested interest in the recommendation. The Analyst suggests to verify things with your Financial Adviser before taking any trade. Follow Strict Risk Management. The Analyst is not responsible for your losses at any level. 

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