MUTHOOTFIN trade ideas
Muthoot Finance Ltd Important LevelsThis chart is only for educational purposes and should not be considered for any buy and selling in this stock.
Swing traders have an Eye on MuthootfinSwing traders can enter after the breakout level till that avoid. If you can hold for a long term then go ahead now.
MuthootFIN momentum confirmationMuthootFIN momentum confirmation. After a falling wedge , muthoot has entered into a momemtum with a strong upward spike. Entry point mentioned by horizontal line.
MuthootFIN momentum confirmationMuthootFIN momentum confirmation. After a falling wedge, muthoot has entered into a momemtum with a strong upward spike. Entry point mentioned by horizontal line.
Dubble BB + Parabolic + SMA 200 + Pivot Level////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 10/07/2014
// Pivot points simply took the high, low, and closing price from the previous period and
// divided by 3 to find the pivot. From this pivot, traders would then base their
// calculations for three support, and three resistance levels. The calculation for the most
// basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
// resistance levels.
////////////////////////////////////////////////////////////
study(title="Pivot Point", shorttitle="Pivot Point", overlay = true)
width = input(2, minval=1)
xHigh = security(tickerid,"D", high )
xLow = security(tickerid,"D", low )
xClose = security(tickerid,"D", close )
vPP = (xHigh+xLow+xClose) / 3
vR1 = vPP+(vPP-xLow)
vS1 = vPP-(xHigh - vPP)
vR2 = vPP + (xHigh - xLow)
vS2 = vPP - (xHigh - xLow)
vR3 = xHigh + 2 * (vPP - xLow)
vS3 = xLow - 2 * (xHigh - vPP)
plot(vS1, color=#ff0000, title="S1", style = circles, linewidth = width)
plot(vS2, color=#ff002a, title="S2", style = circles, linewidth = width)
plot(vS3, color=#ff014a, title="S3", style = circles, linewidth = width)
plot(vR1, color=#009600, title="R1", style = circles, linewidth = width)
plot(vR2, color=#006F00, title="R2", style = circles, linewidth = width)
plot(vR3, color=#004900, title="R3", style = circles, linewidth = width)
length = input(20, minval=1)
src = input(close, title="Source")
Band1 = input(2.0, minval=0.001, maxval=10, step=0.1)
basis = sma(src, length)
dev = Band1 * stdev(src, length)
upper = basis + dev
lower = basis - dev
Band2 = input(3.0, minval=0.001, maxval=10, step=0.1)
dev2 = Band2 * stdev(src, length)
upper2 = basis + dev2
lower2 = basis - dev2
p1a = plot(upper, title="BB2 upper", color=green)
p1b = plot(lower, title="BB2 lower", color=green)
p2a = plot(upper2, title="BB3 upper", color=blue)
p2b = plot(lower2, title="BB3 lower", color=blue)
//SMA Cross 10/21/100
long = ema(close, 200)
BB = sma(close, 20)
plot(long, title="SMA200", color = aqua)
plot(BB, title="SMA20", color = maroon)
//SAR
start = input(2, minval=0, maxval=10, title="Start - Default = 2 - Multiplied by .01")
increment = input(2, minval=0, maxval=10, title="Step Setting (Sensitivity) - Default = 2 - Multiplied by .01" )
maximum = input(2, minval=1, maxval=10, title="Maximum Step (Sensitivity) - Default = 2 - Multiplied by .10")
sus = input(true, "Show Up Trending Parabolic Sar")
sds = input(true, "Show Down Trending Parabolic Sar")
disc = input(false, title="Start and Step settings are *.01 so 2 = .02 etc, Maximum Step is *.10 so 2 = .2")
//"------Step Setting Definition------"
//"A higher step moves SAR closer to the price action, which makes a reversal more likely."
//"The indicator will reverse too often if the step is set too high."
//"------Maximum Step Definition-----")
//"The sensitivity of the indicator can also be adjusted using the Maximum Step."
//"While the Maximum Step can influence sensitivity, the Step carries more weight"
//"because it sets the incremental rate-of-increase as the trend develops"
startCalc = start * .01
incrementCalc = increment * .01
maximumCalc = maximum * .10
sarUp = sar(startCalc, incrementCalc, maximumCalc)
sarDown = sar(startCalc, incrementCalc, maximumCalc)
colUp = close >= sarDown ? lime : na
colDown = close <= sarUp ? red : na
plot(sus and sarUp ? sarUp : na, title="Up Trending SAR", style=circles, linewidth=2,color=colUp)
plot(sds and sarDown ? sarDown : na, title="Up Trending SAR", style=circles, linewidth=2,color=colDown)///////////////////////////////
Important support and resistance lines for going long in muthootSharing important trend lines and support levels for a fundamentally brilliant stock so that the entry and exit can be determined easily
Muthoot Finance weekly chart pole flag patternNSE:MUTHOOTFIN
Can buy till 1100 with strict SL of 990
Target := Open for now.
Disclaimer: The view is for study purpose only, I am not a SEBI register person please contact your financial advisor before investing.
Potential buy setupGOOD BRAKEOUT IS POSSIBLE ACCORDING TO ITS FUNDAMENTALS ALSO AND ITS CREATE PENNANT PATTERN WHICH IS POSSIBLE OF TREND CONTINUATION.
