MUTHOOTFIN
Muthoot Finance - Risky 1:3 RR bet based on BO1. Volumes are low
2. Risk of BO failure
3. For now prices are sustaining above the BO level that's a good sign
4. Below Dz will be the best area to go long.
5. Trade with 10% SL
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Short Term Swing Trading Idea in Muthoot Fin for > 15% UpsideHi,
EXIDEIND
has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
MUTHOOT FINANCE READY TO SWING UP WITH HUGE VOLUME BREAKOUT 📈💡MUTHOOT FINANCE READY TO SWING UP WITH HUGE VOLUME BREAKOUT 📈💡🔥
🟢 What a Reversal on weekly chart from Long term support! I would be damned if I wouldn't take a position it. So I will tomorrow.
🟢 That too with a steller Quarterly Results 🔥👇🏻
🎯 Revenue: Revenue increased 26.8% year-over-year to ₹3,842.68 Cr in the Q3 2023-2024
🎯 Net profit: Net profit increased 18.95% year-over-year to ₹1,103.52 Cr in the Q3 2023-2024
🎯 EPS: EPS is ₹29.46 for Q3 FY24, which is an increase of 16.19% year-over-year
🟢 Promoters Buying also Spotted 🔥🔥
I'll enter tomorrow for upto 35% upside rally with these levels 📈👇🏻
Entry - 1328
Target 1 - 1375
Target 2 - 1424
Target 3 - 1535
Target 4 - 1640
Stoploss - 1260 on Weekly Closing Basis
MuthootFin Priceaction BullishMuthoot On a Higher Timeframe making significant
Higher High and Higher Low
Stock rejected from Previous High and came down for retracement.
Stock Retested the Previous Breakout level and currently forming a
Strong #PriceAction.
So the Stock shd move from Higher Low to Previous Swing High then New ATH.
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.
Fundamentally Strong Stock Breakout🌟 **Stock Alert: MUTHOOT Finance (CMP: ₹1415)** 🌟
📊 **Fundamentally Strong Pick!**
🎯 **Targets: ₹1500 and ₹1700 (Minimum)**
📉📈 **Technical Analysis: Cup and Handle Breakout!**
🚀 **Reasons to Consider:**
1. **Fundamental Strength:** MUTHOOT Finance boasts robust fundamentals, making it a resilient choice in the market.
2. **Cup and Handle Pattern:** Technical analysis indicates a potential breakout, suggesting a bullish trend ahead.
3. **Current Entry Point:** At the CMP of ₹1415, it presents an appealing entry opportunity.
🛑 **Stop Loss (SL):** ₹1280
💼 **Investment Strategy:**
- **Entry Point:** Enter at CMP (₹1415).
- **Stop Loss:** Set a protective Stop Loss at ₹1280 for risk management.
- **Hold Period:** Aim for minimum targets of ₹1500 and ₹1700 for potential gains.
📉📈 **Disclaimer:** Remember, all investments carry inherent risks. Stay informed, and consider seeking advice from financial experts before making investment decisions.
👀 **Monitor market developments and news for timely adjustments. Best of luck with your investment!** 📊🚀
Investment_ Muthoot FinanceNamaste!
Muthoot Finance is one of my favourite stocks in the finance sector. The formulae I use to calculate intrinsic value suggests this stock, whereas it somewhat fails in the valuation of Bajaj Finance, SBI Cards, etc.
It is trading at a PE (Price to earnings ratio) of 11.62, whereas Bajaj Finance is 51.29 and SBI Cards is 45.53.
In most cases, the lower PE is better. The intrinsic value stands around Rs 3000, assuming growth to be 17.2% YoY and 6.1% Indian treasury yields.
The reasons to buy this stock:-
1. Low PE and intrinsic value.
2. 1.75% Dividend Yields.
3. >20% correction in stock price.
Q: What price should I buy?
A: The current price of Rs 1144 is a good price.
Please do not invest more than 10% of your capital. I suggest many stocks, but it is your responsibility to choose your favourite ones.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
MUTHOOTFIN - Bullish Consolidation with VolumesNSE: MUTHOOTFIN is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Short MuthootFin Below 1346Short MuthootFin Below 1346, SL of 6 - 8 points for Target of 1330. Reason for trade RSI Divergence, Weekly TF candle is shooting star. Avoid trade if opens big gap up
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea is use full
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Thank you for reading my idea
Muthoot Finance - Crossing ResistancesThe chart shows that the stock has crossed the year-long resistances and continuously going forward.
At this level risk-reward ratio is fine for a long entry if thinking of a positional setup.
Buying range is from the current price to as near as 1180.
Sustaining below 1160 will show weakness in the idea.
Targets may be 1390/1510.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
MUTHOOTFIN - Long Entry for 6-8 MonthsMUTHOOTFIN Looking good for long entry on Daily Time Frame.
*Close to 52 Week High
*ADX 43.64 Strong Trend
*MACD 34.83 Neutral
*RSI 75.27 Neutral
*SuperTrend 1140.22 Bullish
*ATR 26.18 Low Volatility
*VWAP 1255.66 Below Vwap
*20 EMA 1157.42 Above 20ema
About Company:-
Muthoot Finance Limited operates as a gold financing company in India. The company offers personal and business loans secured by gold jewelry, or gold loans primarily to individuals and micro finance. It also provides housing finance, gold coins, money transfer, and foreign exchange services; mutual funds and non-convertible debentures; health, home, vehicle, life, and travel insurance products; and vehicle, corporate, and SME loans. In addition, the company generates electric power through windmills in Tamilnadu. As of March 31, 2022, it operated through approximately 4,617 branches in 23 states and 6 Union Territories. The company was founded in 1887 and is headquartered in Kochi, India.
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion.
Reasons
1. Muthoot finance has been travelling in a expanding triangle pattern from 2015.
2. Till now, its respecting the pattern by taking support and resistance at perfect levels.
3. Currently it is in downswing inside the pattern.
4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon .
In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN.
5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move .
I will update(Target and SL) once it gives Breakdown!!!
We need to wait, as the breakdown can occur this week or 2 month later or never.
Let's wait for the Market's decision!!!
As of now, (on seeing the chart) its not easy for bulls to charge up.
Note : Just sharing my view....not a tip nor advice!!!
SELL Swing muthoot FinanceSell muthoot finance below 960 for the target between 910-900 with strict SL of 990. Reason for your learning of taking short call 3 star trading setup
1) Stock Rejecting 50 EMA Level.
2) Support will be BD again below the 960 level.
3) RSI too Rejecting 60 level. Even not able to touch the 60.
All above points shown weakness in structure of the stock. This is for your educational purpose only.