MUTHOOTFIN bouncing off 200WMA and trendlineThe chart of the stock Muthoot Finance (NSE: MUTHOOTFIN) is bouncing off its long-term, seven year old trendline from where it has taken support multiple times in the past.
The stock is also bouncing off 200WMA which has also been its long-term support since listing.
The chart looks bullish with ultimate target of previous all-time high zone of 1800.
MUTHOOTFIN
Muthoot Finance - Inside BarStock has formed an Inside Bar Pattern after a Strong Downtrend as shown in blue color. On Friday, the stock confirmed the breakout of Mother candle's High and formed a long bullish candle. There would be some profit booking in the stock early next week. Based on the Inside Bar Breakout, here are some resistances stock will see -
First Resistance is at 1102, second at 1153 and third at 1295. This might be a trend for next couple of weeks.
#muthootfinance #muthoot harmonic support NSE:MUTHOOTFIN
Muthoot Finance limited stock at harmonic support.
targets mentioned on chart.
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
#Muthootfinance #muthootfin swing trade opportunityNSE:MUTHOOTFIN
Pattern already activated
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
MUTHOOT FINANCE BULLISHMakkale Vanakkam, expecting 17%ROI in Muthoot finance scrip.1419 level breakout aita nalla confirm panniralam but this scrip bouncing back from the support level so current price la irrunthu kuda swing or short edukalam
As i always say whatever we do must follow risk reward and money management.
Be Cautious Long Position Holders in Muthoot Finance Be Cautious Long Position Holders in Muthoot Finance
If you have any Open Long Position in Muthoot Finance, keep eye on the price movement in the next week.
Major Monthly Support has been Breached. It has been tested multiple times in the past few months, so major probability is it may get broken now fully.
Moreover, it shows probability of Death Cross. 50 MA is going to cross over 200MA from above in may be two-three sessions. It is a Major Bearish Signal.
Next Major Support is at the marked zone in the Chart.
If it breaks that, significant downfall may be expected.
PS- I am not SEBI Registered. Views are for personal reference.
Muthoot Finance || Flag Consolidation || RR 1:2.35The Trade is based on the following observations :
~ Moving in a channel pattern.
~ Low Volume Selling.
~ Long bottom wicks seen as before on the key support zone.
~ RR > 1:2.35
The chances of trade playing out are 80 % (premium members are already triggered)!
MUTHOOTFIN SHORTI hope you can now see how MUTHOOTFIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.