Muthootfin made bullish hammer on weekly chartIt's ready for 5 to 10 percent move 1130 in a week's timeframe.
MUTHOOTFIN
MUTHOOTFINMUTHOOTFIN:- BUY ON DIP, 1100 WITH SL OF 1040 CLBS
RSI+MACD+ADX DIVERGENCE WITH OI LONG BUILD UP
#Disclaimer:-I just shared view for only educational purpose.
MUTHOOT FINANCEMuthoot fin closed above important level and 9/21 ema crossover also occured today in 1 hr tf, so I am expecting bounce back atleast upto mentioned levels(1164.8)
It will be a intraday trade, but if it manages to close above 1178 then we can hold it for swing target of 1220 as well
Muthoot Finance Trade Setup !TREND ANALYSIS & TRADE SETUP
TRIANGLE 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.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
LONG MUTHOOTOur previous Analysis on Muthoot finance failed due to doji on candle 2 weeks back. Please follow current set up.
Muthoot after breaking out above 1180, never closed before that on weekly closing hence our sl is 1180/1175 weekly closing basis
Views are for educational purpose only
MUTHOOT FINANCE TAKING SUPPORT ON 1180-1170 ON 1HR TIME FRAMEGO LONG FOR SWING TRADE WITH STOPLOSS BELOW SUPPPORT. TRENDLINE CAN ACT AS A POSSIBLE RESISTANCE SO BOOK PARTIAL PROFIT STRICTLY TRAIL SL.
MUTHOOTFIN is Looking Good above 1275MUTHOOTFIN is Looking Good above 1275. If it will manage to sustain above 1270-1275 then it may test it next supply zone @ 1320-1325
Muthoot Fin TradeBuy now and the target is 1400 and 1425. SL is 1150. Support is also given in the chart.
Muthoot share on bullish modeMuthoot share is in uptrend & in bullish mode. The long entry can be taken as per the marked level above the price of 1185 after the BO of TL. Target level here is 1280 with the SL of 1142. Stock is trading above the 200 EMA & RSI Divergence is well supporting. Here we are expecting very good reward to risk ratio. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
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SellSell on rise around 1210-1220 sl 1325 target 1075 -995
Disc : It's not an advise to buy or sell.
