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Muthootfinance

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.
NSE:MUTHOOTFINLong
by raghavchoudhary2016
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
NSE:MUTHOOTFINLong
by brainmassfinance
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