MUTHOOTFIN | Falling Wedge Breakout
Muthoot Finance Ltd NSE:MUTHOOTFIN
After months of consolidation within a falling wedge, MUTHOOTFIN has broken out with strong volume, indicating renewed buying interest.
Entry: ₹2,900–2,910
Target: ₹3,040 (+4.5%)
Stop Loss: Below ₹2,840
Thesis:
Bullish wedge breakout
Volume confirms the move
Previous resistance may now act as support