Muthoot Finance Pole and flag pattern breakout in 4 hr timeframe. looks good at CMP : 1510 for swing traders.
My 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.
Possible breakout soon
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...
Chart is self-explanatory. Open the chart above for detailed view of analysis. FOLLOW IF YOU LIKE THE ANALYSIS. LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
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.
Reasons for taking trade ------------------------------ 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 -------------- Though MACD is showing a bullish divergence on Weekly charts, On daily...
Date: 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.
BUY ON DIPS. Very good targets can be achieved in short term as well as in the medium term.
Muthoot Finance has given a breakout from a cup and handle pattern on weekly chart. Buy: Muthoot Finance CMP: 1415 Target: 1700 Stop Loss: 1280
A big white candle at an important breakout point leading to all time high closing. Go long with stop loss - 1293
Bullish 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 fin at critical level , picture will clear after result.
1. 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 Please like the post if you find it useful and leave your...
#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. If you...