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Muthoot Finance Short Term Breakout

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NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
The stock has broken out with good volumes and retested therefore it may undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.25:1
SL is placed below multiple support zones, 200 EMA & the previously upper trendline. The target is placed near all time high.

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