Flash News Investment - - TECHNICALS -

We had rec­om­mended to our read­ers buy­ing the stock of Muthoot Fi­nance Ltd at Rs 458.35 in is­sue no. 49 (dated Septem­ber 24, 2018). Post our rec­om­men­da­tion, the stock opened higher on the next day and con­tin­ued its up­move to mark fresh high of around Rs 479. How­ever, the fierce sell-off seen in the mar­kets on Fri­day, Septem­ber 21, 2018 dragged the stock lower and this re­sulted in the stock hit­ting the stop loss level for the trade. We had rec­om­mended our read­ers through our SMS ser­vice to exit the rec­om­men­da­tion with a loss.

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