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Muthoot Finance

14 Sep 202006:55 AM

Muthoot Finance completed a wave 4 correction at the support from the previous 4th wave low near 1060. Similarly it may now start wave 5 of 3 and retest the previous wave 3 high at 1405. At the start of the rally I have marked 1-2-1-2-1-2, three times first waves. I could consider this as a leading diagonal but I cannot, because the thrid wave inside it is the shortest. This has resulted in extended markings. 3-4-5 on the way up are pending before we can complete a 5 wave move up.

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