Correction ended on Muthoot Finance1) MACD Crossover
2) Rally and correction which has ended at 20 DMA
Muthoot
MUTHOOTFIN BUY ABOVE 1148MUTHOOTFIN
BUY ABOVE 1146 ~ 1148
TARGET: 1153, 1159, 1164, 1170, 1175, 1196
Posting for Educational purpose only
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LONG MUTHOOTOur previous Analysis on Muthoot finance failed due to doji on candle 2 weeks back. Please follow current set up.
Muthoot after breaking out above 1180, never closed before that on weekly closing hence our sl is 1180/1175 weekly closing basis
Views are for educational purpose only
MUTHOOT FINANCE TAKING SUPPORT ON 1180-1170 ON 1HR TIME FRAMEGO LONG FOR SWING TRADE WITH STOPLOSS BELOW SUPPPORT. TRENDLINE CAN ACT AS A POSSIBLE RESISTANCE SO BOOK PARTIAL PROFIT STRICTLY TRAIL SL.
INTRADAY TRADE IN MUTHOOT FININTRADAY TRADE IN MUTHOOT FIN
BUY@968
STOP@960
TARGET@983
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
INTRADAY IN MUTHOOT FININTRADAY IN MUTHOOT FIN
SHORT@818
STOP@830
TARGET-1@808
QTY=800(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everyday at between 9:30 to 10:30!!
INTRADAY TRADE IN MUTHOOT FIN FUTINTRADAY TRADE IN MUTHOOT FIN FUT
BUY@843
STOP@832
TARGET@855
QTY=1500
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
Muthoot finance break out levelClear breakout level arise in muthoot finance on daily candles can go long for the target of 870 to 880 for intraday & 900 above in next week. very bullish .
Muthoot | Bounced off Trendline support - Similar to ManappuramMuthoot Finance exhibit a very similar price action to Manappuram. It should be natural considering the magnitude of similarity in their business models.
Like Manappuram, Muthoot has bounced off a trendline support, where we could also see a demand area i.e. around 600, which also happens to be a round number. With their nature of business involving gold and the yellow metal gaining strength every week, it should be good news for the company with improving loan to value. Stock appears bullish and we expect the stock to hit 650 sooner or later.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Muthoot Finance: Wonderful Wyckoff AccumulationThe stock comes across as a wonderful wyckoff accumulation candidate. If this view is correct, then price should get into a mark-up phase or a trending phase with higher spread and volume. The bullish view will be invalidated on a close below the LPS level in the chart.
Await Wyckoff Point & Figure chart target soon !!
Muthoot Capital One can time the entry at fixed lines - Muthoot capital is so far respecting the lines.
MUTHOOTFIN-bearish -Short term Swing tradingMUTHOOTFIN looks looks weak for short term and struggling for a proper bounceback.
Sell Below: 375 for targets -
T1: 356
T2: 349
T3: 341
SL: 393.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(09-Apr) - MUTHOOTFIN - ShortBased on my PredictiveSystem's signals, tomorrow (09-Apr) its going to be a RED candle for NSE:MUTHOOTFIN
Sell below: 426.4
Target-1: 423.3
Target-2: 421.3
Stop loss: 429.9
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
