Muthoot Finance Ltd has reached all-time high levels, marking a significant achievement with one of the highest closings recorded over the past 52 weeks.
The bulls have demonstrated their dominance by overcoming selling pressure, resulting in a strong, positive candlestick. This strong price action ended with the formation of a green-bodied candle, driven by increased buying interest.
The ongoing movements are further supported by a rise in volume, reflecting a robust and consistent appetite for the stock.
On the momentum front, the Relative Strength Index (RSI) trading above its moving average indicates that the upward momentum is well-supported and may continue in the near term.
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