Muthoot fin Long- above 200 and 50 EMA, clear breakoutMuthoot fin Long- above 200 and 50 EMA, clear breakout and good volume, break out after a consolidation for some time
SL - 839 , Target - 945
MUTHOOTFIN trade ideas
#Raising wedge pattern More of bearish as it touched high in raising wedge pattern at 851, however if by 28thApr 779 level or by 30th Apr 798 level we can expect bullish in following sessions
#GAP filling at 800 and 830, waiting for triangle break at 830its filling gap created on 11 to 13 th mar bw 800 and 830. waiting for triangle break out at 830
Muthuoot Finance****This prediction only for learning purpose only...So don't take a trade without your analysis...Here formed Cup and Handle pattern...and also formed head and shoulder pattern in 30 Minutes time frame. so it will take one or two days to achieve this target...
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
Wait for a dip to go longVolume is falling while price is rising. Do not chase the stock. Wait for a dip to buy
Muthoot finance splendid moveThis chart is more for displaying technical parameters for the trade setup
Bullish H&S in Muthoot Finance TGT 740Inverted Head and Shoulders in hourly Chart in Muthoot Finance
TGT - 740
SL - 685
Muthoot Finance Looks BearishMuthoot Finance fake double top formation sell immediately with SL: 737
Moderately Bullish If it sustains above 637 Stock is in consolidation phase a breakout in any direction will give lead to the next move.
Stock Name: Muthoot Finance
Sell below 626 SL 637 Target 620 614
Buy Above 637 SL 624 Target 655
Trend Moderately Bullish
OI Analysis: Long Unwinding
Technical Analysis Class- How to Trade ChannelPoint no.1 - Suppor t– Look at the downward sloping blue line is acting as a support. 3 times the price reverse price from this area indicates strong support.
Point no.2 - Resistanc e-Look at the downward sloping red line is acting as a resistance. Now the price is facing the resistance. Before that 2 times the price reverse from this area.
point no.3 - Channel -Price Trading in a downward sloping channel.
Point no.4 - Price starts reversing from the resistance area.
Conclusion
From the above chart, it is clearly seen that the price is trading in between the channel. Now look at the current candle is at one end of the channel that is in the resistance area. So there is a possibility price reverse from this resistance area.
Disclaimer- This post is for educational purposes only, our view is, to teach technical analysis only. we are not recommended to use this analysis for the purpose of trading. once again this is an educational forum only.
marketsolutions.in
Muthoot is fighting the bears with all its might Muthoot finance has moved from 370 levels to 650 and is now consolidating in a channel but accumulation seen in stock so we can expect some reversal if 640 is breached we may see MUTHOOTFIN hitting new highs.
