Tech_stock_trader

Muthoot Finance share on bullish mode.

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
Clearly on all TFs muthoot fin share on very bullish mode. On daily chart Double bottom formation on the chart. Now long entry can be taken after the broken of neckline of the pattern above the level of 1210 till the target level of 1280 as marked on the chart. A minor hurdle can be seen @ level of 1235. So add the stock in your watch list to see the price action movement of the stock.

Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Trade active
Comment: High 1222
Comment: Made high 1256
Comment: Made high 1278
Trade closed: target reached: please like will provide you more calls.

Comments

Sir can you please provide entry and target levels for long and short trade as you always provide in Intraday trades???
Reply
@piyushraip6, Already started....
Reply
Made high 1256 Hope all in good profit.
Reply
The board of Muthoot finance announced that they would defer stock-split proposal. What kind of impact would it have on the stock on Monday?
Reply
@Srimenon, Positive
Reply
@Srimenon, Stock Will Fall
Reply
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