The stock seems heading towards 1400 after break of downward trendline near 1252. SL can be kept at 1177.
My entry will be @1165-1170 levels
Hi Folks, I am posting the chart again as made some more analysis and proper target analysis. I hope you will benefit from this knowledge -MetaVish
Hi Folks, Looks like MuthootFin is absorbing as many quantities as possible for a strong breakout. Triangle Squeeze + Two Fake outs = strong breakout possibilities. I hope you will benefit from this knowledge -MetaVish
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and
Muthootfin has broken its major resistance. The price can reach its 52 week high again. We will be looking at holding it for a long term , good for long term investors. ENTRY : 1064 TARGET : 1400 STOPLOSS : 850
If breaks the trend line, can be shorted for the target of @1100
This 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...
#muthoot followup... more than first target today as per the first red arrow on chart...
Long entry to be taken in muthoot finance. Stock is expecting to take retest @ level between 1245-1230 for the next target price of 1325 & 1400 with the SL of 1205. Good risk to reward trade.
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...
Sell below 1155 TGT 1152-1148-1145 SL 1163
Muthoot Finance is forming an inverted head & shoulder pattern on daily chart but the neck line hasn't been broken yet. If it breaks, it's a great trade with good targets. CNXFINANCE closed 3.89% above today.
#muthoot already told to be bullish 1160... next targets 1200 and 1250 as told earlier. See the linked chart...
Short below 1211 TGT 1208-1206-1204 SL 1217