MUTHOOTFIN trade ideas
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
MUTHOOTFINMuthootfin breaking out of triangle on smaller times with decent volumes, good for intraday trading.
Could be bought with mentioned stoploss & targets on intraday basis.
We ll review to hold or not in closing session.
Muthoot fianacetime to long the beast...
have been in the correction mode which seems to be over...
now the impulse-up movement is starting... let's ride this money horse
targets are in the chart.
mutMuthootfin made bullish butterfly on an hourly charts with decent volumes.
Could be bought with mentioned stoploss & targets.
MUTHOOTFINMuthootfin made butterfly pattern on smaller time frames & confirmend it by breaking 1348.
Could be bought with mentioned stoploss & targets.
Muthoot Finance LtdNBFC Muthoot Finance has lowered its guidance for the current fiscal year to 10-12% from 15% with active loan base shrinking in the third quarter.
In Q3 of FY22, the number of loan accounts shrunk by 3% quarter on quarter (QoQ) while the number of active customers declined by 2% QoQ. Some customers have more than one loan account. New customer acquisition during the quarter stands at 4.2 lakh.
Muthoot 1dtfLook Like a good opportunity at the downside and minimum target of 1320 for both intraday and PE buyers as Monday closing below 1415
MUTHOOTFINmuthoot finance broke out of bullish triangle pattern.
Could be bought with mentioned stoploss & targets
MUTHOOTFINMuthootfin broke out of traingle pattern as well its congestion zone of 1500-1516 & comfortable trading above it with decent sorts of volumes.
Could be bought with mentioned sloss & targets
MuthootfinanceMuthootfinance is here to trap you. Most of the muthootfin comes around 1200 most of the traders get trapped.
Again today muthootfin tried its best to trap traders, I don't know if anyone got trapped.
Be alert when muthootfin trades between 1200-1216 zone.
Buy only above sustainance of 1216. Happy Trading.
LOOKING GOOD AT LONG SIDEBuy At CMP for a target of 1560.
Trading in the same range for a while so will also go in the same direction.
Respected support area resistance at 1560, with good Volumes too.
MUTHOOT FINANCE LTDLooking bullish.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
muthooth fin sale for investors see the charts for more details.
beautiful head and shoulders pattern formation
Muthoot FInance - Testing Key support levels Muthoot Finance has been hammered recently, which caused to retest the earlier breakout zone ( Box). It also bounced off the key 200 DMA line. Trend is bearish right now and stock is getting into oversold zone. Long term investors can start accumulating at these levels. This stock will bounce off with the Gold levels getting bounced.
Muthoot FInanceGetting into next breakout zone for short to mid term target 2100. Target for next 2 years would be around 3500 to 4000 as Gold will be bullish for next 2 years.
MuthootfinanceCharts is creating multiple formation on Daily & 4hr tf but most probably price will sustain and
we can see a upside of 7-10% in upcoming week. would not recommend to enter at current level wait for
price to retrace little bit for good risk:reward
A big breakoutA complete analysis of muthot finance
Only for educational purposes. not a sebi registered advisor.
Muthoot Finance BOMuthoot Finance has given Breakout of previous range with high volume. We can see further upside in this stock. Keep a SL of 1600 on HCB.
Breakout from Triangle patternMuthoot has made a big move today and is trading with good volumes too...targets marked. Do your own research, this is an idea
Rare dimand breakout patternMost powerful pattern in TRADING
. any side brekout can posible .for future update follow me
