MUTHOOTFIN
R-0042 Short Term Buy MUTHOOTFIN @1107.00-1111 SL 1074 TGT 1175About to break cloud on the upside followed by TK crossover with huge volume
Short Term Cash Buy MUTHOOTFIN @1107.00-1111 SL 1074 TGT 1175
MUTHOOT FINANCE - at very attractive levels to accumulate.Muthoot finance is the World's largest Gold Financing company.
Pattern expectation- Very likely it may form a cup unless there is a deep market correction in case of which I will update this analysis.
The price broke out of a flag pattern this week.
So the first target expected in this script is 1281 which is about 11.7% returns from the CMP of 1146.
We could be seeing higher targets here if one is prepared to hold longer.
Ideally this should be a buy and forget type of script.
MuthootFinAfter making all time high it has consolidated well at 1080-1120. Seeing the business model and news on splitting chances are it will make new high. Go long. My target is 1150, 1180, 1280.
Charts: Cup and handle formation on 2 hourly.
MUTHOOT FINANCE TRADE SETUPMuthoot financeis very good for intraday trading. This trade idea details are given in tellegrraam cchaannell UG MARKET.
before breakout, i had posted this chart.the reason why, i'm posting this again, you can see the volume of today, it's enormous. price is at ATH. we can still make money in longside. i'm bullish. (personal view)
SPOT: MUTHOOTFIN WEAK BELOW 860, CAN TEST 846,830 [2-5 days]SPOT: MUTHOOTFIN WEAK BELOW 860, CAN TEST 846,830 in coming sessions 2-5 days
Bullish H&S in Muthoot Finance TGT 740Inverted Head and Shoulders in hourly Chart in Muthoot Finance
TGT - 740
SL - 685
MUTHOOT FINANCE - WATCHLIST STOCKMUTHOOTFIN
cmp 505
Target open
Long suggested ONLY above 525-530 zone.
DO NOT ENTER BELOW THIS AS STOCK MIGHT GO THROUGH ANOTHER CONSOLIDATION PROCESS AS WELL AFTER TOUCHING 525-530.
Stock currently is in the process of consolidation resulting in the formation of cup pattern.
A breakout above 525 indicates a possible fresh upmove.
Stop around 470-475
VWAP RSI is signalling strength in VWAP, meaning volume increase accompanied in upmoves.
Pivot based oscillator above zero and sloping upwards providing comfort to the bullish view.
Price has broken above the next quarter's pivot zone.
The Uber and facebook of India the best business model Your Gold, You keep with them they lend you loan if you fail to repay they will liquidate your gold. Gold price crashes they have already factored it and loan amount is never 70% of the value.
A very safe bet and zero chances of making loss due to bad debts, that is how jewelers have survived for generations.
A hidden gem with potential to become 5X
Indicators: Bounceback from support Zone, Trendline Breakout,
OBV breakout and MACD crossover attempt
Levels
CMP 391
SL 340
Target 500
Time Frame 3 months
www.t.me
