Muthoot Finance is an attractive scrip to accumulate. Increased gold prices leads to more gold loans and in turn leads to higher income for the Co
Be proactive. Remember #symphony?
Safe traders to enter post 1200 WCLBS when the structure changes
The 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.
Stock has been consolidating well for past few days, any candle above yesterdays closing level will attract buyers and push the price up.
Ascending triangle pattern formed.
NSE:MUTHOOTFIN
Intraday setup in Muthoot finance
For option levels are mentioned on charts.
trade with 11% stop loss
trade with decipline
keep learning happy trading
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MUTHOOTFIN Muthoot Finance Ltd Breakout stock ready to uptrend going to start in daily chart pattern. Already crossed W pattern in stock movement. If it open above 1210 it move upside 20%. Add MUTHOOTFIN for long-term gain. Thank you.
MUTHOOTFIN formed a flag pattern. wait for a breakout with High volume .
trade setup has a good risk/reward ratio of approximately 1:3
buy above 1500
target = 1890
stoploss = 1438
NSE:MUTHOOTFIN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Stock 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,...
here is road map of long position of muthoot fin ltd.Short stoploss and big target so I PUBLIC THIS CHART . I AM NOT SEBI REGISTERED
LOSS AND PROFIT AAPKA APNA HOGA
TARGET= TOP
RAJ.......
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.
NSE: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...
