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.
MUTHOOTFIN
MUTHOOTFIN - Double Bottom, Morning Star, 200EMA support The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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Muthoot Finance Ltd " upto 10 % gains "Hi Traders / Investors ,
This is a Swing Trade.
There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :-
1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle.
2) Got another opportunity to enter because of Retest .
3) Prior resistance level got break and now acting as a support .
4) RSI indicator is above 60 which indicates strong upside momentum.
5) Retest retraced till 0.236 level which is a healthy retracement .
Giving a Risk to Reward of 1:2 , Entry : 1686
Stoploss : 1598
Target : 1855
Please don't make any decisions solely based on this analysis .
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