MUTHOOTFIN
MUTHOOTFINThis is my next two week bullish call on MUTHOOTFIN, support line are there with good volume supporting the bullish view.
Trendline and the specially designed volume action analysis suggest a BULL run on the MUTHOOTFIN.
Entry and Exit depends on when you are seeing this analysis :)
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
will give follow back to all the followers.
Please comment and let me know about my analysis, Follow for more analysis.
**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
MUTHOOTFIN LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
NEED TO SEE HOW THE PRICE PERFORMS NEAR THE BLACK TREND LINE.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
muthootfinance 1/price making HH ,HL in daily & price break previous high so trend now bullish(in hourly it makes HH & HL)
2/price correct in major trend 38% & short term trend 62%
3/MacD showing divergence
4/Bulish sign comming in weekly chart( mornig star candlestick pattern)
5/Entry If price sustain aboe BO line 1hr
5/SL below recent swing low in daily chart
MUTHOOT FINANCE LTD - Descending Triangle Breakout UpwardThe Descending Triangle is bearish formation during a downtrend of a security. However , there are instances when Descending Triangle forms a reversal pattern which seems to be the case of Muthoot Finance. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
MUTHOOTFIN is Making Symmetrical Triangle Pattern (Breakout)Muthoot Finance Limited : ( NSE:MUTHOOTFIN ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.






















