MUTHOOTFIN trade ideas
Possible breakout. Long way to go.Possible breakout. Long way to go. Support, resistance and possible price movements are as shown in chart
Sneaking out from bottomHas been trading in a range of a 50 points 1000-1050 for more than a month and with stock closing above the 0.38 retracement level and touching 0.5 level. It can give a triangle BO above 0.5 level of 1083 which can go upto 1160-1200. However watch out for volume for confirmation.
MUTHOOTFIN
NSE:MUTHOOTFIN
One can wait for Retest or enter now , with SL below the Candle Low.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Buy Muthootfin @1055-80 TGT 1625/4800/9300 avg @ 950 Sl 790The stock had taken a meaningful correction as well as the Gold prices also on the verge of breakout. As per the chart stock is trying to break free from the clutches of 200 WEMA which will boost it towards the life time high and once the high breaks, it will be in open territory to go for the above mentioned targets.
MUTHOOTFINMuthootfin about to break descending triangle pattern with decent volumes.
Could be bought with mentioned stoploss & targets.
MUTHOOT FINANCE, BULLISHafter the nifty 50's bull run, markets are recovering, the stocks which went high by using this movement, now will not come down below that point(talking about last weeks of jun) unless until there is some sort of crash, with some reason, then it will surely go down(no doubts), but the thing to analysis is, why will there be crash at such a recovering point of level. markets have corrected enough, and nifty gave its bull run only when it got corrected fully, so there is no reason of crash.
further going on, Muthoot finance is at its least point, and cannot fall further down. invest for long term, and even best for swing trades.
MUTHOOTFINMuthootfin made traingle on smaller time frame & trading comfortably above breakout with decent volumes.
Could be bought with mentioned stoploss & targets.
Muthoot Finance possible BreakoutCan possibly breakout from the downward channel. Good to keep on your radar.
long muthootfin near 1145-1130we are long muthoofin near 1145-1130 maintain sl below 1105 taregt - 1300+ short term
risk -40 points
rewards - 150+ points
always respect risk to rewards
Muthoot Long term Uptrend Channel ( 45 degrees) since 2013.
Its taken a support at last month's low of Rs 975. momentum Indicators are all very oversold.
12 month target Rs 1750+
muthoot financeMuthoot Finance, a gold financing company, has got the Reserve Bank of India’s approval to open 150 new branches across the country as it expands business after a gap of nearly three years.
Muthoot Finance on a Verge of a break out!!!!Muthoot Finance is making a nerrow range and on a Verge of a breakout.
channel for informative and educational purpose onlychannel for informative and educational purpose only
channel for informative and educational purpose onlychannel for informative and educational purpose only
Muthoot FinanceHello and welcome to this analysis on MUTHOOT FINANCE cmp 1130
After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown.
Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence.
It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line.
The pattern would be considered invalid below 1070
