Muthoot Finance will break the channel soonMuthoot finance in a trendline channel and might break it today
MUTHOOTFIN
muthoot financetriangle patternMuthoot finance forming a symmetrical triangle pattern can give a breakout or breakdown.
MUTHOOT FINANCEMuthoot Finance looks to have completed the pullback after breaking out of the channel. The stock can be bought # CMP 1315 for target of 1350 with a stop of 1298
Muthoot Finance share on bullish mode.Clearly on all TFs muthoot fin share on very bullish mode. On daily chart Double bottom formation on the chart. Now long entry can be taken after the broken of neckline of the pattern above the level of 1210 till the target level of 1280 as marked on the chart. A minor hurdle can be seen @ level of 1235. So add the stock in your watch list to see the price action movement of the stock.
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 .
MUTHOOTFIN TIME FOR THE NEXT MOVEMUTHOOTFIN HAS ALREADY MADE 2 UNSUCCESSFUL ATTEMPTS TO CLOSE ABOVE 1200.A CLOSING BELOW THE SUPPORTING TRENDLINE RESISTANCE CAN TRIGGER A DESCENT CORRECTION HERE.
2.ANY TWO CLOSING ABOVE THE UPPER RESISTANCE LINE WILL HELP IN NEW HIGHS BEING CREATED IN NEAR FUTURE.
CONSIDERING THE VOLUME WITH WHICH BREAKOUT HAPPENED AND THE CONSOLIDATION NEAR 1070-1120 EXPECTING IT TO TEST THE RESISTANCE AGAIN.
Muthootfin Consolidation breakoutExtremely Range bound.
Make or Break.... Can be Massive on either side.
Keep eye
Longterm Long term support at 950 level despite of expensive valuation results were above expectation which will lead to continue the run
INTRADAY TRADE IN MUTHOOT FININTRADAY TRADE IN MUTHOOT FIN
BUY@968
STOP@960
TARGET@983
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
Muthoot finance long setup for testing ATHsMUTHOOT looks good for long on pullbacks for targets of 960 and SL 775 after breaking out with good buying from trendline and horizontal resistance level.
Positional Trade in MuthootFinIt will be strong if it will manage to sustain above 790 and it may test it upper side supply zone in the coming days. Please find the supply and demand zone as a target and stop loss.
INTRADAY IN MUTHOOT FININTRADAY IN MUTHOOT FIN
SHORT@818
STOP@830
TARGET-1@808
QTY=800(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everyday at between 9:30 to 10:30!!
INTRADAY TRADE IN MUTHOOT FIN FUTINTRADAY TRADE IN MUTHOOT FIN FUT
BUY@843
STOP@832
TARGET@855
QTY=1500
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
muthoot fin on side ways marketNSE:MUTHOOTFIN
unless the price breaks the trend line it will be in a channel an we can go for long in by having a minimum stoploss for the tgt of 750 and 790
SELL MUTHOOTFINSTRUGGLING TO THE SUPPLY ZONE AND MADE INVERTED HAMMER ON 30 MIN CHART TWICE WHICH CLEARLY SHOWS SUPPLY @HIGHER LEVELS . TRADING LEVELS ARE MENTIONS ON CHART.
MUTHOOTFIN KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for MUTHOOTFIN :
Upper Breakout~747.85
First Target~761.35
Interim Resistance~776.10
Final Resistance~798.20
**Lower Levels**
Lower Breakout~723.35
First Target~707.40
Interim Support~693.90
Final Support~677.95
Please trade with caution and consult your financial adviser before trading.
