A 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...
If trigger line crosses above -52.57, may reach 61.09, Cash price - 20-30 If trigger line crosses below -48.04, may reach 39.38, Cash price - 16-22
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...
This 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
Key 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.
200 SMA retest and crossing from below.... Above support Line
Muthoot 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...
One can time the entry at fixed lines - Muthoot capital is so far respecting the lines.