An educational study of a potential motive wave unfoldingNSE:MUTHOOTCAP
Elliott wave principle projections!
A possible wave unfolding to upside on a motive mode.
This is exclusively for educational purpose , NOT a Trade/Investment advice!
MUTHOOTCAP trade ideas
Muthoot CAP service consolidation Reverse head and shoulder in making, it is huge consolidation with good volumes. It is good bet on medium and Long term. 30 % now and rest at the close of the support. So the overall Stop loss get better, large hand can break the support and push the price higher.
Keep In Watch list For Long Term InvestmentStock Is nearing to the long term resistance.
Should reverse from there and form H&S pattern with Resistance Range.
If it reverse, two Levels to watch out For 290 and 230.
If it does not reverse from the resistance range and breakout given, Wait for correction to enter.
Time Period is strictly Long Term Investor 2-4 years minimum to get returns of H&S pattern.
Muthoot Capital Breakout Muthoot Capital Breakout
Buy for swing trading
Target for 500
Stop loss 380
For Everyday Updates follow.
Muthoot Capital Services-Nice BreakoutMuthoot Capital Services-Nice Breakout
Capital to be deployed- 20k
Investing Price -397-402
Breakout Price -397
Stoploss -334
Targets -511-705
#muthoot #stockmarkets #StocksToBuy #StocksInFocus #StocksToTrade
MUTHOOTCAP - Weekly AnalysisIn the Weekly Chart of MUTHOOTCAP ,
we can see that, Double Bottom Bullish Candle has been formed.
Hope to see up move from here.
MUTHOOTCAPIn the Daily chart of MUTHOOTCAP,
we can see that, it is forming a Big Cup & Handle.
Let it close above 268 and then enter with SL and Targets
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Never miss !!! Muthoot cap retesting after breakoutGood entry when reverse with a first target of 450 with a stop loss below 390. Risk reward 1:5
muthoot capital servicesMuthoot Capital Services (MCSL), established in February 1994, is a Non Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and is listed on the Bombay Stock Exchange.
Established in Kerala, MCSL offers capital market solutions that include leasing & hire purchase, vehicle loans and bonds & deposits among others, with cost-effective value-added services for the benefit of their customers.
To augment its fund base, MCSL came out with a public issue in February 1995. The issue was oversubscribed by 8.5 times -- at a time when the Indian capital market was sluggish. Almost the entire subscription was received from the state of Kerala.
MSCL has also diversified into fund and non-fund based activities laying equal emphasis on the corporate and non-corporate sectors of Kerala.
Promoted by the Muthoot Pappachan Group, MCSL has today emerged as one of the leading financial institutions in the capital market operations, with its foundations dating back to the year 1939, with a stronghold in the banking and finance sector especially in the rural and semi-urban areas in South India.
Over the last decade, MCSL has established itself as the clear service leader in the capital market. The MCSL team comprisesseasoned business professionals and we have recruited management and support staff with years of experience in the relevant disciplines and markets in order to provide our customers with informed, competent and responsive service and advice.
Services offered by the company:
MCSL has actively entered into the areas ofcapital market operations, to focus mainly on the potential corporate clients based in Kerala. Whatever your finance requirements may be, MCSL's direct approach is to help you work out which of the finance plans would best suit the requirements:
Inter Corporate Deposits
Leasing
Hire Purchase
Bill Discounting
Disbursing Loan against Shares
MUTHOOTCAP BUYMarket now breakout the trend line and retest completed
Market going up
Enter trade on buy position
#MUTHOOTCAP#BoxBO
Reversal confirmation
Bottom is confirmed
CCI(34) D crosses 100
CCI(All) > 100
TGC Aligned
Highest High With Strength
2 BH>50%CH on W charts
Target 1245 / 1316 / 1432
Duration 3 weeks
SL 940
Muthoot Capital - Place in Watchlist (BUY ONLY IF BREAKS OUT 113Technicals:
1) Above 50/150/200 ema
2) Upward sloping ema
3) Relative strength with respect to small cap index above 100.
Fundamentals:
Quarterly Sales yoy : 24%, 35%, 50%,49%
Operating profit yoy : 16%, 19%, 54%, 51%
Net profit yoy : 36%, 29%, 143%, 94%
Annual EPS FY2017 : 38%
Free float : 5.6 million shares
Trade plan:
Current status - Consolidation phase
Volatility contraction witnessed
Watchlist candidate.
Buy trigger if price breaksout of consolidation phase.
Possibly at 1135.
Stop 1.5 ATR / Low of low volatility base.
