MUTHOOTFIN trade ideas
Fresh breakout in Muthoot Finance LtdFlag pole classic breakout pattern in making, Watch-out above 1565, rally will be fierce
Breakout from Bullish pennant pattern in Muthoot financeBreakout from Bullish pennant pattern in Muthoot finance
Muthootfin - Elliott wave analysis - triangle will break nowIt is in impulse up and expecting 5th wave up now after 4th wave triangle break out. Buy above 1502 with stop below 1454 for target above 1560 as quick sharp move, if it breaks the level with high volume.
MUTHOOTFIN - Ready for another leg of rally? - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
For understanding how to trade a Bullish Pennant Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Important breakdown and what to expect next week?Dear traders,
There is a decending triangle pattern.
And if there is a breakdown then it will go up to NEXT SUPPORT ZONE.
And with Fibonacci retracement idea we got support by 0.78(1299.35)
Flag and pole pattern Bullish pattern formation in mutooth finance that is flag n pole ...we can initiate a buy on structure break .this is for educational purpose ..happy trading !!
Flag pattern on the Weekly chart of Muthoot FinanceDaily RSI is above 60 and Monthly RSI is taking support at 60. Volumes seem healthy on bullish days. Finance stocks in general are a little slow today, but the potential exists. An ideal entry might have been when the price first closed above the 50MA on the Weekly chart.
NSE:MUTHOOTFIN
GOOD CHANCE TO GO LONG IN MUTHOOD FINANCE LTD #TRADEIDEAGOOD CHANCE TO GO LONG IN MUTHOOD FINANCE LTD
MUTHOOT FINANCE LTD: Time to buy sonaSl-1200
#CLEANANDCLEARCHARTS
Have been in consolidation from some months on the top.
Volumes are beautiful. A triangle pattern breakout is expected.
Comment for queries and feedbacks.
BUY MUTHOOFIN @ 1286 sl 1240 tgt 1600i see good potential in muthoot after long time . range it was trading 1343-1060 since long time but this time it is spending more time near higher range . its for delivery . if sl hits at 1240 than buy above 1342
Muthoot FinIt has clearly reversed from its downtrend at support and now moving in upward channel. Good candidate to trade.
MUTHOOTFIN ready to FLY UP !?????????MUTHOOTFIN: formed descending triangle of Elliott corrective wave. If price stabilized at 1150 to 1170 , it can fly up. let's see!!
buy muthootfinit has formed bullish bat harmonic pattern in 2hrs chart. it can retrace till 0.38%-0.50% of CD
MUTHOOTFIN WAS BREAKED THE TRENDLINE FROM IMPORTANT SUPPORTMUTHOOTFIN WAS BREAKED UP THE TRENDLINE FROM IMPORTANT SUPPORT AND VOLUME IS ALSO VERY HIGH,IT IS ONLY EDUCATION PUROSE ONLY
