MUTHOOTFIN - BullishMUTHOOTFIN - Bullish
CMP : 535
If it closes above 536.50
Tg : 545, 559, 572
SL : 525
MUTHOOTFIN trade ideas
Muthoot finance - Daily time Frame Analysis Bearish Crab + SupMuthoot finance - Daily time Frame Analysis
Bearish Crab + Supply Zone - Shorting level 518-508 , CMP 502
Targets - 483-469-455-440-430+
SL - 533 ( Candle Closing basis on daily chart
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
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