channelcheck for lower time frame for reversal and go long if it breaks the channel then selling can happen
refer chart for details
MUTHOOTFIN
Sell MUTHOOTFIN cmp 571 Average Near 620 TGT 520 PositionalSELL CMP 571
ADD MORE AVERAGE NEAR 620
TARGET 520
POSITIONAL ( TIME HORIZON 3 MONTH ROLLOVER DERIVATIVE CONTRACTS)
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Thanks !!
MUTHOOT FINANCE LTDStock has witnessed a range breakout from a 2 year range of approx 169 points with big white candle having good volume.
If Stocks manages to stay above 500 levels on weekly basis, it can move towards 600 and then 700 levels.
Price action will always be the king , so keep an eye an on the price action to ride the potential rally.
MUTHOOTFIN buy setup - High reward for low riskBuy MUTHOOTFIN between 425-415
T1: 515
T2: 570
SL: 385
MUTHOOTFIN | Expecting BreakoutExpecting MuthootFin to give breakout. One can go long with SL below 450. Risky traders can also look for short around 470-475 with SL above 477.
Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP.
Vijayaraghavan.K,
Kovilpatti.
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. :-)
Triangle on Muthoot FinCorrection may happen on upside or may open gap up and then it will fall continue.
Trade Levels
Short Entry - 465
Targets - 455 / 445
Stop loss - 480
