MUTHOOT FINANCENSE:MUTHOOTFIN
The key levels have been marked with that support of 1323-1325 play for upside till 1354 or if does not sustain then it can reach 1285
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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MUTHOOTFIN trade ideas
Muthoot Finance - A breakout? good volume tooMuthoot breaking out of falling wedge.
Break out around 1186 levels.
So it will be a buy aroung that level for 200 Rs target say 1350 to 1375
height is 368
I have subtracted from base to breakout.
so that gives around 200 Rs
Tomorrow (Monday) if available around 1186 to 1200 will be interesting.
Stop loss at bottom triangle close and open levels.
MUTHOOT FINANCE - at very attractive levels to accumulate.Muthoot finance is the World's largest Gold Financing company.
Pattern expectation- Very likely it may form a cup unless there is a deep market correction in case of which I will update this analysis.
The price broke out of a flag pattern this week.
So the first target expected in this script is 1281 which is about 11.7% returns from the CMP of 1146.
We could be seeing higher targets here if one is prepared to hold longer.
Ideally this should be a buy and forget type of script.
MUTHOOTFIN --------->>>>> YOU imagine a patter before its made CMP - 1146.35
Stock market is more about ur thought process and the other traders thought process.
psychology is more imp than any other thing .. then you win .#Shrikrishna
now is a low risk entry you can leave after price hits the other end of the pattern.
Muthoot Finance Reversal Candle Formation.Muthoot Finance Broke Previous All time high recently and have managed to Pump 30% more in just few days.
This move was Quick and with Huge volume. Because it was quick, its hard to believe that the move will sustain for more upside.
On breakout, it left a gap at 1000-1036.
Stock is over all bullish but the probability of filling this gap before resuming up again is high.
MUTHOOT FINANCE STRUCTURE BASED SELL OPPORTUNITYMUTHOOT FINANCE GETS REJECTED AT THE DAILY PREVIOUS STRUCTURE RESISTANCE, ON H-4 TIME FRAME, WHICH SUGGESTS THAT STOCK MIGHT GET PULL BACK FROM CURRENT LEVEL OF INR 940 TOWARDS INR 890 OR BELOW UP TO INR 780. BEARISH RSI DIVERGENCE ADDS CONFIRMATION TO OUR BEARISH BIAS ON STOCK. ON THE OTHER SIDE IT MIGHT GO TO INR 1000 MARK IF IT BREAKS TODAY'S HIGH OF INR 967.