Muthoot Finance Long Trade on 15m Time Frame: Trade in ProgressA long entry was initiated at 1927.05 on the 9th of October at 10:15 am. The price is nearing Target 1 (1963.50) and remains on track for further movement towards the upper targets. We have now set a trailing stop at 1928.50 to lock in gains and manage risk.
Target Points:
TP 1: 1963.50 (close to being hit)
TP 2: 2022.50
TP 3: 2081.50
TP 4: 2117.95
Trailing Stop: 1928.50
Stop Loss (SL): 1897.55
We'll keep a close eye on this position as it progresses towards the remaining targets.
Muthootfinanalysis
Muthoot Finance Ltd - Looking bullishTHE TARGET
LTP on NSE on 16/Feb/2024 was INR 1362/- (with a high of INR 1378/- and a low of INR 1345/-)
Although it is a good buy at current levels.
Resultantly after all this discussion, I believe that the target price should be:
first INR 1650 and
second INR 1880.
Stop Loss should be INR 1180
Risk to Reward will be 1:3
The time horizon should be 12-15 months
MUTHOOTFIN--Support @1135??this stock is falling from several days...
it is likely give pullback to 1400-1440 levels to before fall to 1135 levels, which is a strong demand area.
If price breaks the 1440-1400 levels, by observing consolidation will expect a rise above head to test the resistance at 1600 levels.
keep in long side from these support levels.
#MUTHOOTFIN... Looking good 25/07/23#MUTHOOTFIN...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
MUTHOOTFIN : near weekly supportMUTHOOTFIN trading near weekly support. tomorrow close may decide what to do with this
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
MUTHOOT FINANCE AT CRUCIAL SUPPORT LEVEL !!Hello to everyone
Price trading near strong demand zone. If price respects the support level of... 950--945, than we can expect a good move in price towards the upside and if price breaks the support level than price will go down to fulfill their the downward targets.
#MUTHOOTFIN
👉Add to your watchlist.
👉Important demand level
👉Make or Break Level
👉Support 950-45
👉Above 950 full reversal possible for 1000/1040+
👉Fresh breakdown below 945
Buy Muthootfin @1055-80 TGT 1625/4800/9300 avg @ 950 Sl 790The stock had taken a meaningful correction as well as the Gold prices also on the verge of breakout. As per the chart stock is trying to break free from the clutches of 200 WEMA which will boost it towards the life time high and once the high breaks, it will be in open territory to go for the above mentioned targets.
MUTHOOT FINANCE, BULLISHafter the nifty 50's bull run, markets are recovering, the stocks which went high by using this movement, now will not come down below that point(talking about last weeks of jun) unless until there is some sort of crash, with some reason, then it will surely go down(no doubts), but the thing to analysis is, why will there be crash at such a recovering point of level. markets have corrected enough, and nifty gave its bull run only when it got corrected fully, so there is no reason of crash.
further going on, Muthoot finance is at its least point, and cannot fall further down. invest for long term, and even best for swing trades.
R-0232 BUY MUTHOOT FIN DEC FUT @1225 TGT 1280-1320 SL 1140 ➢ Stock Price has broken out on the daily chart where it closed at highest level since 09 Nov
➢ Short term trend of the stock is positive where it is trading above its 5- and 20-day EMA
➢ Oscillators like RSI and MFI showing strength in the stock.
➢ Considering the Derivative & Technical evidences discussed above, We recommend buying the Muthoot
Fin Dec future between 1209-1225 and average at 1165, for the upside targets of 1282 and 1330,
keeping a stop-loss at 1140