Buy Muthoot Finance between Rs 216.85 to Rs 206. Stoploss at Rs 195 :: HDFC Securities

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Observation
 The stock is showing positive bias for the short term.
 Price has completed sideways corrective leg at 186 and
started to move up; medium term trend line has provided good
support to the bulls.
 Few days back falling triangle breakout has been witnessed
and the throwback fall has halted around 21 Day EMA.
 Price is trading above all key short and medium term moving
averages, which is adding strength to the bulls.
 The progressing rise could head towards life time high of 246
and more likely to test the channel resistance.
 Traders could buy the stock between CMP to 206 with the
stoploss of 195 on closing basis for the targets of 245 - 265

link
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010859