Note : Novice (beginner) trader, Please feel free to correct the view and technicals
Makkale 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.
MUTHOOTFIN Buy-Above 1380 Sl-1280 T-1530 1560+ Short Term to Mid Term Holding The stock has changed its swing from declining to advancing.
Buy #Muthootfin at 1375 keeping Sl@1323.20 for the Target@1478.50 NSE:MUTHOOTFIN
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...
The 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)!
NSE:MUTHOOTFIN #NSE:MUTHOOTFIN Long Message me for levels
I 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 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 Checkout my other ideas to understand how one can earn from stock...
Looks like the bottom has been made and is not preparing for the reversal Note: This is for educational purpose only
Muthoot fin looks good for swing traders. SL level mentioned on chart.
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)...
1D Time frame as per price action parallel channel breakout Upper Bollinger band broke on a closing basis RSI > 60 ADX Raising
price Break and retest from last 8 week consolidation , for trade quick 10 percent and for investors may be 30 percent from here is expected with sl of 1580 (closing)
Stock gave a breakdown near 1070 in last trading session and today moved till 1000 to fill the gap (1012 to 1037) that was created on 18th June. After filling the gap, stock started to move upward. Let's wait & watch how the stock behaves near breakdown level.
Swing traders can watch out MuthootFin with SL below the Breakout TL.
BUY MUTHOOT FINANCE ENTRY AT CMP SL & TARGETS MENTIONED ON CHART. SL TO BE ON CLOSING BASIS ONLY Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
Muthoot BO on closing above the TL. looks good for swing traders.