MuthootFin - Intraday -Swing | 8th July Muthoot finance flag breakout retest and continuation on Daily timeframe. Long entry above 1577 for swing cum Intraday view.
MUTHOOTFIN
My View ON MUTHOOTFINMuthootfin looking good for upside movement as it gave channel / flag breakout.
Muthoot Finance - Extreme breakout
Muthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
MuthootFin - Flag BreakoutMuthoot Finance Pole and flag pattern breakout in 4 hr timeframe. looks good at CMP : 1510 for swing traders.
Muthootfinance d chart analysisMy personal point of view.
as we see a good rally in muthoot now, it formed a pole and flag patter.
if it break up side and sustain above support han it can again give good move.
if it break down side avoid it or take small profit in short selling and exit.
Muthoot Finance - Flag PatternMuthoot finance is in flag pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
MUTHOOT FINANCE BREAKOUT Chart is self-explanatory. Open the chart above for detailed view of analysis.
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Breakout in Muthoot Finance...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Muthoot Finance Weekly Chart breakoutReasons for taking trade
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1. Breakout with volume on Weekly charts.
2. MACD showing bullish signal on Weekly time frame.
3. Company came out with very good net profit in results.
4. Price crossed over 20MA, 100MA & 200MA on daily charts.
My Opinion
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Though MACD is showing a bullish divergence on Weekly charts, On daily charts MACD is heading for a bearish convergence and that may result in a retesting of the breakout. I would look for a retest to buy the shares in ideal conditions so that my stoploss will be smaller and target will be bigger. Also a tested breakout is a confirmation of the breakout.
Conclusion
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I will keep this stock in my watchlist and will buy it if the breakout remains strong.
________NO INTACT TARGET. I WILL KEEP THIS STOCK IN MY HOLDINGS TILL I SEE A TREND REVERSAL_________
Muthoot Finance: 27% upsideDate: 02 June 2021
Symmetrical Triangle Breakout
Target and SL given in the chart
View is given for educational purpose only. Trade at your own risk.
MUTHOOT FINANCE-BUYBUY ON DIPS. Very good targets can be achieved in short term as well as in the medium term.
Medium Term Trade - Muthoot Finance - BreakoutMuthoot Finance has given a breakout from a cup and handle pattern on weekly chart.
Buy: Muthoot Finance
CMP: 1415
Target: 1700
Stop Loss: 1280
Muthoot Finance - Golden DaysA big white candle at an important breakout point leading to all time high closing. Go long with stop loss - 1293
MUTHOOTFIN - BULLISH ENGULFINGBullish engulfing indicates a surge in buying pressure, often triggers a reversal in trend as more buyers enter the market to drive prices up further. Attractive entry levels can be obtained after receiving confirmation of the bullish reversal. Chart is self-explanatory.
Muthoot Finance - Flag Pattern1. Muthoot Finance has broken out from flag pattern
2. Stock has taken support in 200EMA
3. Also took support from the channel
4. Started forming HH and HL in 1hr TF
5. Good pickup in volume in the past few days of breaking out
6. 1:3 risk reward setup
Target and Stop loss levels are mentioned in the chart
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Happy Trading!
#MUTHOOTFIN #MANAPPURAM $GLD #NBFC #Stocks #DeFi #Banknifty #NSE#MUTHOOTFIN
NSE: MUTHOOTFIN
CMP: 1311.60
Targets: 1400+
Might hold for 1445++
Time Frame: Less than 2 months.
Analysis: Uptrend Begins Higher Low Higher High Flag Pattern Cup and Handle Pattern Head and shoulder Pattern Double Bottom Pattern Breakout Price Action Earnings improved Super Bullish on this stock. Might blast to more than 1445 in long run.
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Peer: NSE: MANAPPURAM
#MANAPPURAM #MUTHOOTFIN $GLD #NBFC #Stocks #DeFi #Banknifty #NSE#MANAPPURAM
NSE: MANAPPURAM
CMP: 162.90
Targets 190++
Might hold for 235++
Time Frame: Less than 2 months.
Analysis:
Uptrend Begins
Higher Low
Higher High
Flag Pattern
Cup and Handle Pattern
Head and shoulder Pattern
Double Bottom Pattern
Breakout
Price Action
Earnings improved
Super Bullish on this stock.
Might blast to more than 240 in long run.
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for the latest stock recommendations for free.
From Rachit Sethia with 💚
Muthooth Finance H&S with Retail v/s InstitutionalTREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
HEAD & SHOULDER CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Reward is 5-7 times .
