MUTHOOTCAP - Ichimoku Breakout📈 Stock Name - Muthoot Capital Services Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 390.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Muthootcapital
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
MUTHOOTCAP - Ichimoku Bullish Breakout Stock Name - Muthoot Capital Services Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 310
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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A good buy call can be initiated in Muthoot capitalThis stock is in good consolidation period from last 2 months .Now as we can see there is a big support for this stock @260 levels and a breakout is expected above 300.50 for 1st target of 320 nd second target of 346...Best part is stock is taking perfect support @ trendline...
Hope you like the analysis...Ask your questions in comments
MUTHOOTFIN KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for MUTHOOTFIN :
Upper Breakout~747.85
First Target~761.35
Interim Resistance~776.10
Final Resistance~798.20
**Lower Levels**
Lower Breakout~723.35
First Target~707.40
Interim Support~693.90
Final Support~677.95
Please trade with caution and consult your financial adviser before trading.
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)